2804 Oak Ridge DriveHorseshoe BayTX78657
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Horseshoe Bay at 2804 Oak Ridge Drive, Horseshoe Bay, TX, 78657 offers $4,051/mo rent that, after a $2,614/mo payment, leaves $253/mo cash flow. Total monthly income is $4,051/mo, and annual cash flow is $3,040/yr on $175,686 cash. Return on cash invested measures 21.79% in year one, and rental yield stands at 9.1% at a $534,000 entry. Equity gained on principal adds $3,446/yr while 5% annual appreciation compounds into $147,534 by year five. Five-year ROI records 114.14% and total cumulative return in cash reaches $200,522. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,051/mo property income versus a $2,614/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78657, Marble Falls, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,411 (100%) |
| Owner Occupied HU | 2,766 (51.1%) |
| Renter Occupied HU | 668 (12.3%) |
| Vacant Housing Units | 1,977 (36.5%) |
| Median Home Value | $484,739 |
| Average Home Value | $688,625 |
Housing Distribution
Address Breakdown
Residential
4,144
Single Family
4,142
Multi-Family
2
Businesses
318
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mali Hanna • Horseshoe Bay Resort Realty
Mls Name: HLMLS
Mls Provider:
Mls ID: #170004
Disclaimer: 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.