313 Heritage Hills DrFredericksburgTX78624
Nearby investment properties with comparable rents
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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 Fredericksburg at 313 Heritage Hills Dr, Fredericksburg, TX, 78624 offers $3,188/mo rent that, after a $2,535/mo payment. Total monthly income is $3,188/mo. Return on cash invested measures 16.57% in year one, and rental yield stands at 7.39% at a $518,000 entry. Equity gained on principal adds $3,343/yr while 5% annual appreciation compounds into $143,114 by year five. Five-year ROI records 86.14% and total cumulative return in cash reaches $146,803. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,188/mo property income versus a $2,535/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
6,534 sqft 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
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Listed by: Cindy Maple • Reata Ranch Realty, LLC
Mls Name: CHCBOR
Mls ID: #98500