29625 Elkhorn RdgFair Oaks RanchTX78015
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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 Fair Oaks Ranch at 29625 Elkhorn Rdg, Fair Oaks Ranch, TX, 78015 offers a 8.74% rental yield on a $469,999 purchase with $3,425/mo rent. Total monthly income registers $3,425/mo, and a $2,300/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $998/yr on $155,805 to close, and return on cash invested stands at 20.55% in year one. Equity gained on principal adds $3,033/yr while 5% annual appreciation supports $129,852 over five years. Portfolio math shows five-year ROI at 107.5% and total cumulative return in cash at $167,493. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,425/mo property income against a $2,300/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
6,795 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78015, Boerne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,411 (100%) |
| Owner Occupied HU | 7,676 (81.6%) |
| Renter Occupied HU | 1,127 (12.0%) |
| Vacant Housing Units | 608 ( 6.5%) |
| Median Home Value | $490,707 |
| Average Home Value | $543,528 |
Housing Distribution
Address Breakdown
Residential
9,005
Single Family
8,642
Multi-Family
363
Businesses
91
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Listed by: Paul Garcia • Phyllis Browning Company
Mls Name: LERA MLS
Mls ID: #1912648