303 S Franklin St, La Grange, TX, 78945 | 6.47% Rental Yield

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303 S Franklin St, La Grange, TX, 78945 | 6.47% Rental Yield | Ziffy

For Sale

Listed for sale 2 days ago

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in La Grange at 303 S Franklin St, La Grange, TX, 78945 earns from $2,638/mo rent with a $2,393/mo payment. Total monthly income totals $2,638/mo. ROI tracks 13.7% on current figures, and rental yield reads 6.47% at a $489,000 purchase. Equity gained on principal adds $3,155/yr, and 5% annual appreciation supports $135,102 over five years. Five-year ROI reaches 70.77% and total cumulative return in cash sums $114,718. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,638/mo property income instead of your personal income.

Single Family

Built in 1921

N/A lot

$N/A/sqft

No HOA

More details about the property

This newly updated estate home located in a great neighborhood in the heart of town. The house features neutral colors, abundant natural light and new flooring. The huge Kitchen boasts custom cabinets, gleaming Quartz countertops/new hardware with a neighboring half-bath and laundry closet. The Dining area has a vaulted wood ceiling and opens to the back yard. The Living area has a beamed ceiling and electric fireplace with manteljust the right spot to hang your television. A large sequestered Primary bedroom and bathroom with generous closet space are located adjacent to an office with built-in bookcases. The opposite wing offers two very large bedrooms and a shared hall bath with jetted tub/shower. Located on a sizeable lot with surround irrigation, landscaping and numerous large trees. Exterior features include a substantial front porch and a sunny deck off the kitchen that leads to an oversized (720 sq ft) garage. This property is walkable to the local grocery and schools.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,435 (100%)
Owner Occupied HU	3,493 (64.3%)
Renter Occupied HU	1,087 (20.0%)
Vacant Housing Units	855 (15.7%)
Median Home Value	$336,798
Average Home Value	$428,576