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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 248 Teller Dr, Lockhart, TX, 78644 priced at $307,999 converts $2,160/mo rent into after a $1,508/mo obligation. Total monthly income equals $2,160/mo. Return on cash invested prints 18.96% in year one, and rental yield reads 8.42% against a $307,999 entry. Equity gained on principal adds $1,987/yr, while 5% annual appreciation compiles into $85,094 by year five. Five-year ROI reaches 99.22% and total cumulative return in cash sums $101,307. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,160/mo property income covering a $1,508/mo payment, not borrower’s personal income.
Single Family
Built in 2022
6,098 sqft lot
$N/A/sqft
$50 monthly 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 |
|---|---|---|
| 2025-04-16 | Price change | $307,999 |
| 2025-03-21 | Price change | $312,999 |
| 2025-02-26 | Price change | $322,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-23 | $3731.17 | 2.85% | $230,508 | 26.46% |
| 2023-04-23 | $3627.92 | N/A | $182,280 | N/A |
Listed by: Michelle Harmon • Lone Star Realty - Lockhart
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #577495
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025 Central Texas MLS, All Rights Reserved.
