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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Fredericksburg at 1984 North Grape Creek Rd, Fredericksburg, TX, 78624 priced at $1,550,000 converts $2,453/mo rent into after a $7,586/mo obligation. Total monthly income equals $2,453/mo. Return on cash invested prints -0.11% in year one, and rental yield reads 1.9% against a $1,550,000 entry. Equity gained on principal adds $10,002/yr, while 5% annual appreciation compiles into $428,236 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,453/mo property income covering a $7,586/mo payment, not borrower’s personal income.
Single Family
Built in 1988
45.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78624, Fredericksburg, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,017 (100%) |
| Owner Occupied HU | 7,603 (58.4%) |
| Renter Occupied HU | 2,910 (22.4%) |
| Vacant Housing Units | 2,504 (19.2%) |
| Median Home Value | $493,755 |
| Average Home Value | $638,185 |
Residential
11,076
Single Family
10,120
Multi-Family
956
Businesses
1,618
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Price change | $1,550,000 |
| 2024-07-15 | Listed for sale | $1,675,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-02-13 | N/A | N/A | $1,090,580 | N/A |
| 2023-02-13 | $11558.80 | 5.74% | $1,090,580 | 29.56% |
| 2022-02-13 | $10931.42 | 32.81% | $841,730 | 37.22% |
Listed by: Deborah Homeier • Vallone Real Estate
Mls Name: SABOR
Mls Provider:
Mls ID: #1793024
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
