208 Iris Ln, Buchanan Dam, TX, 78609 | 4.23% Rental Yield

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208 Iris Ln, Buchanan Dam, TX, 78609 | 4.23% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

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

Rental property for sale in Buchanan Dam at 208 Iris Ln, Buchanan Dam, TX, 78609 priced at $1,127,000 pairs $3,976/mo rent with after a $5,516/mo payment. Total monthly income equals $3,976/mo. Return on cash invested is 7.1% in year one, and rental yield stands at 4.23% on a $1,127,000 basis. Equity gained on principal adds $7,272/yr, and 5% annual appreciation accumulates to $311,369 by year five. Five-year ROI measures 35.29% and total cumulative return in cash reaches $128,844. For financing, Ziffy Mortgage’s DSCR program evaluates $3,976/mo property income against a $5,516/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1972

1.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover an exclusive waterfront retreat on Lake Buchanana rare find offering 1.3 acres of Texas Hill Country beauty with approx. 334 ft of private waterfront. This 3,375 sq ft, 4-bed, 3-bath home is perfectly positioned to capture wide-open lake views and deliver the best of lakeside living. Inside, enjoy a bright, open layout with expansive living and dining spaces that flow into a modern kitchen featuring quartz counters, a gas range, open shelving, and sleek tile backsplash. A newly added sunroom houses a private hot tub room overlooking the lake, creating a relaxing year-round retreat. Other highlights include a luxurious walk-in tile shower, a dedicated craft room, and 2 bedrooms that enjoy peaceful water views. Recent upgrades include a new LCRA-approved septic system (2025), new roof (2020), updated windows, HVAC, well house, driveway, and fresh paint inside and out. The lake is full and ready for funenjoy boating, fishing, and swimming just steps from your backyard. During lower lake levels, explore the expanded shoreline, natural rock features, and hidden trails. Whether you're looking for a primary residence, weekend getaway, this lakefront gem delivers comfort, space, and unbeatable waterfront living.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78609, Buchanan Dam, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,471 (100%)
Owner Occupied HU	795 (54.0%)
Renter Occupied HU	224 (15.2%)
Vacant Housing Units	452 (30.7%)
Median Home Value	$362,500
Average Home Value	$444,676