








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 228 & 232 SPRING RD, Fredericksburg, TX, 78624 generates $3,120/mo in rent, after a $5,134/mo payment. Total monthly income is $3,120/mo. Return on cash invested sits at 5.05% in year one, and rental yield is 3.57% on a $1,049,000 entry. Equity gained on principal adds $6,769/yr, while 5% annual appreciation builds toward $289,819 over five years. Five-year ROI reaches 24.29% and total cumulative return in cash sums $82,564. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,120/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
18.16 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Michelle Buchanan • Magnolia Realty
Mls Name: LERA MLS
Mls ID: #1912112