2938 W State Hwy 29 HighwayBurnetTX78611
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
Investment property for sale in Burnet at 2938 W State Hwy 29 Highway, Burnet, TX, 78611 listed at $569,000 pairs $2,825/mo rent with a $2,785/mo payment. Total monthly income runs $2,825/mo. Return on cash invested measures 12.23% in year one, and rental yield registers 5.96% at a $569,000 basis. Equity gained on principal adds $3,672/yr, and annual property appreciation at 5% supports $157,204 by year five. Five-year ROI tracks 62.86% and total cumulative return in cash totals $117,671. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,825/mo property income relative to a $2,785/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78611, Burnet, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,970 (100%) |
| Owner Occupied HU | 5,024 (63.0%) |
| Renter Occupied HU | 1,421 (17.8%) |
| Vacant Housing Units | 1,525 (19.1%) |
| Median Home Value | $359,337 |
| Average Home Value | $468,828 |
Housing Distribution
Address Breakdown
Residential
6,767
Single Family
6,650
Multi-Family
117
Businesses
692
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ben Watson • Topper Real Estate
Mls Name: HLMLS
Mls Provider:
Mls ID: #170914
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.