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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% |
Rental property for sale in Lockhart at 243 Melody Rd, Lockhart, TX, 78644 offers $2,550/mo rent that, after a $2,422/mo payment. Total monthly income is $2,550/mo. Return on cash invested measures 12.33% in year one, and rental yield stands at 6.18% at a $494,900 entry. Equity gained on principal adds $3,194/yr while 5% annual appreciation compounds into $136,732 by year five. Five-year ROI records 63.62% and total cumulative return in cash reaches $104,367. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,550/mo property income versus a $2,422/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,501 sqft lot
$N/A/sqft
$800 annually HOA
Neighborhood data shown for ZIP Code: 78644, Lockhart, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 5,615 (64.4%) |
| Renter Occupied HU | 2,384 (27.3%) |
| Vacant Housing Units | 725 ( 8.3%) |
| Median Home Value | $234,543 |
| Average Home Value | $282,891 |
Residential
8,067
Single Family
7,406
Multi-Family
661
Businesses
755
Date | Event | Price |
|---|---|---|
| 2025-12-16 | Price change | $494,900 |
| 2025-11-26 | Price change | $497,900 |
| 2025-11-18 | Price change | $498,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Lee Jones • Perry Homes Realty, LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #7352458
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-12-19 04:04:17 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)
