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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wimberley at 31 Palmer Ln, Wimberley, TX, 78676 offers a 8.56% rental yield on a $369,900 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,810/mo payment leaves $0/mo available for distribution. Annual cash flow reaches $1/yr on $122,622 to close, and return on cash invested stands at 19.91% in year one. Equity gained on principal adds $2,387/yr while 5% annual appreciation supports $102,197 over five years. Portfolio math shows five-year ROI at 104.11% and total cumulative return in cash at $127,666. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,810/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.36 Acres lot
$N/A/sqft
$120 annually HOA
Neighborhood data shown for ZIP Code: 78676, Wimberley, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,437 (100%) |
| Owner Occupied HU | 5,292 (71.2%) |
| Renter Occupied HU | 1,196 (16.1%) |
| Vacant Housing Units | 949 (12.8%) |
| Median Home Value | $535,683 |
| Average Home Value | $693,759 |
Residential
6,674
Single Family
6,602
Multi-Family
72
Businesses
790
Date | Event | Price |
|---|---|---|
| 2024-08-15 | Price change | $369,900 |
| 2024-07-25 | Price change | $378,900 |
| 2024-05-24 | Price change | $379,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $5797.46 | 0.88% | $361,640 | 11.61% |
| 2022-10-14 | $5746.81 | 28.70% | $324,020 | 37.73% |
| 2021-10-14 | $4465.22 | N/A | $235,260 | 10.79% |
Listed by: Angie Flack • Real
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #541627
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. 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. Copyright 2024 Central Texas MLS, All Rights Reserved.
