1642 Mikula Pl, New Braunfels, TX, 78130 | 5.79% Rental Yield

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1642 Mikula Pl, New Braunfels, TX, 78130 | 5.79% Rental Yield | Ziffy

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NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in New Braunfels at 1642 Mikula Pl, New Braunfels, TX, 78130 at $595,000 posts ROI 11.45% with from $2,872/mo rent. Total monthly income equals $2,872/mo. Return on cash invested measures 11.45% and rental yield reads 5.79% at the current $595,000. Equity gained on principal adds $3,839/yr, and 5% annual appreciation supports $164,388 by year five. Five-year ROI prints 58.78% and total cumulative return in cash totals $115,070. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,872/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).

Single Family

Built in 2009

4,835 sqft lot

$N/A/sqft

$550 annually HOA

More details about the property

The location of this home cannot be beat! Nestled in the gated community of Gruene Gardens in the highly-desired heart of Gruene, this two-story home showcases a floor-to-ceiling stone fireplace with a custom-made mantel in the open-concept living space. Having the three bedrooms and two full baths located upstairs allows your main living area to stay entertainment ready in this beautifully maintained cul-de-sac. The kitchen features granite countertops, custom cabinets, s/s appliances, and tile throughout the downstairs. Stained concrete driveway and walkway leads to your garden entry with a lockable iron gate for extra security; nicely landscaped and lawn maintained by sprinkler system. This is a fantastic neighborhood within walking distance to dining and shopping or two-stepping your way to historic Gruene Hall!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78130, New Braunfels, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	46,037 (100%)
Owner Occupied HU	27,457 (59.6%)
Renter Occupied HU	13,981 (30.4%)
Vacant Housing Units	4,599 ( 10.0%)
Median Home Value	$346,647
Average Home Value	$393,722