318 W Main St, Lometa, TX, 76853 | 5.07% Rental Yield

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318 W Main St, Lometa, TX, 76853 | 5.07% Rental Yield | Ziffy

For Sale

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 Lometa at 318 W Main St, Lometa, TX, 76853 offers a 5.07% rental yield on a $295,000 purchase with $1,246/mo rent. 46% in year one. Equity gained on principal adds $1,904/yr while 5% annual appreciation supports $81,503 over five years. Portfolio math shows five-year ROI at 48.04% and total cumulative return in cash at $46,982. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,246/mo property income against a $1,444/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1940

0.82 Acres lot

$N/A/sqft

No HOA

More details about the property

Recently updated 2 bed, 1 bath home with new windows, solar panels and fencing. New roof in 2023. Great, quaint cottage with beautiful hardwood floors, nice corner lot with a detached garage that has room for a workshop for the handyman or crafter. Complete with central HVAC and an oversized lot in the back, perfect for chickens and pets or build a second home if so desired. This home would be great for someone looking for that small town feel offering a charming, authentic slice of rural life, blending that with a sense of community with many annual events. Regional Park is also nearby providing hiking, fishing, camping and a rodeo arena, near the Lampasas River. Come make this your home or start your air bnb business!!