209 Shannon Dr #13FredericksburgTX78624
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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
Investment Highlights
Rental property for sale in Fredericksburg at 209 Shannon Dr #13, Fredericksburg, TX, 78624 generates $2,323/mo in rent and, after a $1,395/mo payment, leaves $296/mo in cash flow. Total monthly income is $2,323/mo, and annual cash flow is $3,555/yr on $94,478 invested. Return on cash invested sits at 23.67% in year one, and rental yield is 9.78% on a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 124.26% and total cumulative return in cash sums $117,402. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,323/mo property income rather than buyer’s personal income.
Manufactured
Built in 2005
2,304 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78624, Fredericksburg, TX area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
11,076
Single Family
10,120
Multi-Family
956
Businesses
1,618
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Listed by: Kimberly Spears • Home in The Hills Realty
Mls Name: My State MLS
Mls ID: #11519149