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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 261 N Water St, La Grange, TX, 78945 with 5% annual appreciation on a $250,000 basis while $1,354/mo rent supports operations. 77% in year one. Equity gained on principal adds $1,613/yr, and five-year appreciation sums $69,070 alongside rental yield of 6.5%. Five-year ROI measures 71.11% and total cumulative return in cash totals $58,930. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,354/mo property income versus a $1,224/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
4,835 sqft 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 |
|---|---|---|
| 2025-03-24 | Listed for sale | $250,000 |
| 2021-05-07 | Listing removed | N/A |
| 2021-04-09 | Pending sale | $149,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | N/A | N/A | $128,650 | 9.21% |
| 2023-03-25 | $1675.29 | 22.09% | $117,800 | 43.13% |
| 2022-03-25 | $1372.13 | 61.03% | $82,300 | 28.60% |
Listed by: Lindsey Pleasant • Martha Turner Sotheby's International Realty
Mls Name: HAR
Mls Provider:
Mls ID: #48987922
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