232 SPRING RDFredericksburgTX78624
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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 232 SPRING RD, Fredericksburg, TX, 78624 priced at $680,000 converts $2,688/mo rent into after a $3,328/mo obligation. Total monthly income equals $2,688/mo. Return on cash invested prints 8.54% in year one, and rental yield reads 4.74% against a $680,000 entry. Equity gained on principal adds $4,388/yr, while 5% annual appreciation compiles into $187,871 by year five. Five-year ROI reaches 43.07% and total cumulative return in cash sums $96,360. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,688/mo property income covering a $3,328/mo payment, not borrower’s personal income.
Single Family
Built in 2019
5.60 Acres 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: Michelle Buchanan • Magnolia Realty
Mls Name: LERA MLS
Mls ID: #1912067