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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% |
Rental property for sale in Giddings at 389 W Richmond St, Giddings, TX, 78942 priced at $275,000 converts $2,034/mo rent into $78/mo cash flow after a $1,346/mo obligation. Total monthly income equals $2,034/mo, and annual cash flow totals $941/yr on $91,163 invested. Return on cash invested prints 20.94% in year one, and rental yield reads 8.88% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 109.61% and total cumulative return in cash sums $99,923. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,034/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Single Family
Built in 1959
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78942, Giddings, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,135 (100%) |
| Owner Occupied HU | 2,609 (63.1%) |
| Renter Occupied HU | 960 (23.2%) |
| Vacant Housing Units | 566 (13.7%) |
| Median Home Value | $264,817 |
| Average Home Value | $315,636 |
Residential
3,542
Single Family
3,357
Multi-Family
185
Businesses
610
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $275,000 |
| 2018-10-13 | Listing removed | $189,000 |
| 2018-09-22 | Listed for sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $2888.84 | 13.13% | $195,697 | 10.00% |
| 2023-04-07 | $2553.45 | -15.01% | $177,906 | 10.00% |
| 2022-04-07 | $3004.32 | -2.79% | $161,733 | 10.00% |
Listed by: Norman Schultz • Schultz Texas Properties
Mls Name: HAR
Mls Provider:
Mls ID: #14774929
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