306 E College StFredericksburgTX78624
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
Rental property for sale in Fredericksburg at 306 E College St, Fredericksburg, TX, 78624 generates $1,609/mo in rent, after a $2,442/mo payment. Total monthly income is $1,609/mo. Return on cash invested sits at 5.84% in year one, and rental yield is 3.87% on a $499,000 entry. Equity gained on principal adds $3,220/yr, while 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 28.61% and total cumulative return in cash sums $47,322. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,609/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78624, Fredericksburg, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,017 (100%) |
| Owner Occupied HU | 7,603 (58.4%) |
| Renter Occupied HU | 2,910 (22.4%) |
| Vacant Housing Units | 2,504 (19.2%) |
| Median Home Value | $493,755 |
| Average Home Value | $638,185 |
Housing Distribution
Address Breakdown
Residential
11,076
Single Family
10,120
Multi-Family
956
Businesses
1,618
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Carole Reed • Fathom Realty
Mls Name: CHCBOR
Mls ID: #98272