300 S Summit StWeimarTX78962
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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 Weimar at 300 S Summit St, Weimar, TX, 78962 offers $1,632/mo rent that, after a $1,121/mo payment, leaves $3/mo cash flow. Total monthly income is $1,632/mo, and annual cash flow is $41/yr on $75,914 cash. Return on cash invested measures 19.96% in year one, and rental yield stands at 8.55% at a $229,000 entry. Equity gained on principal adds $1,478/yr while 5% annual appreciation compounds into $63,268 by year five. Five-year ROI records 104.37% and total cumulative return in cash reaches $79,229. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,632/mo property income versus a $1,121/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
1.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78962, Weimar, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,629 (65.3%) |
| Renter Occupied HU | 325 (13.0%) |
| Vacant Housing Units | 542 (21.7%) |
| Median Home Value | $298,242 |
| Average Home Value | $479,954 |
Housing Distribution
Address Breakdown
Residential
2,104
Single Family
2,062
Multi-Family
42
Businesses
229
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