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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in La Grange at 242 W Fannin St, La Grange, TX, 78945 offers a 11.36% rental yield on a $210,000 purchase with $1,988/mo rent. Total monthly income registers $1,988/mo, and a $1,028/mo payment leaves $495/mo available for distribution. Annual cash flow reaches $5,934/yr on $69,615 to close, and return on cash invested stands at 28.43% in year one. Equity gained on principal adds $1,355/yr while 5% annual appreciation supports $58,019 over five years. Portfolio math shows five-year ROI at 149.8% and total cumulative return in cash at $104,284. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,988/mo property income against a $1,028/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,493 (64.3%) |
| Renter Occupied HU | 1,087 (20.0%) |
| Vacant Housing Units | 855 (15.7%) |
| Median Home Value | $336,798 |
| Average Home Value | $428,576 |
Residential
4,890
Single Family
4,751
Multi-Family
139
Businesses
733
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: Tiffany Johnston • Coldwell Banker Properties Unlimited
Mls Name: HAR
Mls ID: #213779
