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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 La Grange at 406 S Franklin St, La Grange, TX, 78945 offers $1,724/mo rent that, after a $1,317/mo payment. Total monthly income is $1,724/mo. Return on cash invested measures 17.36% in year one, and rental yield stands at 7.69% at a $269,000 entry. Equity gained on principal adds $1,736/yr while 5% annual appreciation compounds into $74,320 by year five. Five-year ROI records 90.39% and total cumulative return in cash reaches $80,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,724/mo property income versus a $1,317/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
9,156 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,493 (64.3%) |
| Renter Occupied HU | 1,087 (20.0%) |
| Vacant Housing Units | 855 (15.7%) |
| Median Home Value | $336,798 |
| Average Home Value | $428,576 |
Residential
4,890
Single Family
4,751
Multi-Family
139
Businesses
733
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-27 | N/A | N/A | $164,605 | 10.00% |
| 2023-04-27 | $842.73 | -48.13% | $149,641 | 10.00% |
| 2022-04-27 | $1624.85 | -4.11% | $136,037 | 10.00% |
Listed by: Ayriel Duffy • Lone Star Luxe Real Estate, LLC
Mls Name: HAR
Mls Provider:
Mls ID: #13345210
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