2972 Nicholas CoveNew BraunfelsTX78130
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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
Rental property for sale in New Braunfels at 2972 Nicholas Cove, New Braunfels, TX, 78130 generates $2,252/mo in rent and, after a $1,468/mo payment, leaves $70/mo in cash flow. Total monthly income is $2,252/mo, and annual cash flow is $844/yr on $99,450 invested. Return on cash invested sits at 20.76% in year one, and rental yield is 9.01% on a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 108.84% and total cumulative return in cash sums $108,240. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,252/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
6,534 sqft lot
$N/A/sqft
$146 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78130, New Braunfels, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 46,037 (100%) |
| Owner Occupied HU | 27,457 (59.6%) |
| Renter Occupied HU | 13,981 (30.4%) |
| Vacant Housing Units | 4,599 ( 10.0%) |
| Median Home Value | $346,647 |
| Average Home Value | $393,722 |
Housing Distribution
Address Breakdown
Residential
41,891
Single Family
35,675
Multi-Family
6,216
Businesses
2,871
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Listed by: Jennifer Kubenka • Keller Williams Heritage
Mls Name: SABOR
Mls Provider:
Mls ID: #1841117
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.