221 Cabiness DrSaladoTX76571
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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 Salado at 221 Cabiness Dr, Salado, TX, 76571 priced at $531,523 converts $2,514/mo rent into after a $2,602/mo obligation. Total monthly income equals $2,514/mo. Return on cash invested prints 11.37% in year one, and rental yield reads 5.68% against a $531,523 entry. Equity gained on principal adds $3,430/yr, while 5% annual appreciation compiles into $146,850 by year five. Five-year ROI reaches 58.24% and total cumulative return in cash sums $101,849. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,514/mo property income covering a $2,602/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76571, Salado, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,913 (100%) |
| Owner Occupied HU | 3,095 (79.1%) |
| Renter Occupied HU | 574 (14.7%) |
| Vacant Housing Units | 244 ( 6.2%) |
| Median Home Value | $445,392 |
| Average Home Value | $511,914 |
Housing Distribution
Address Breakdown
Residential
4,248
Single Family
4,240
Multi-Family
8
Businesses
519
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