408 S Race, Lampasas, TX, 76550 | 8.04% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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408 S Race, Lampasas, TX, 76550 | 8.04% 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

Rental property for sale in Lampasas at 408 S Race, Lampasas, TX, 76550 priced at $329,500 pairs $2,209/mo rent with after a $1,613/mo payment. Total monthly income equals $2,209/mo. Return on cash invested is 18.43% in year one, and rental yield stands at 8.04% on a $329,500 basis. Equity gained on principal adds $2,126/yr, and 5% annual appreciation accumulates to $91,035 by year five. Five-year ROI measures 96.14% and total cumulative return in cash reaches $105,010. For financing, Ziffy Mortgage’s DSCR program evaluates $2,209/mo property income against a $1,613/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

This charming home sits proudly on a corner lot in a sought-after historic neighborhood, shaded by a magnificent 200-year-old oak tree. A peaceful front porch welcomes you with character and warmthperfect for morning coffee or evening relaxation. Lovingly maintained and thoughtfully updated, this residence offers the perfect blend of timeless charm and modern comfort. Step inside to a cozy living room featuring a beautiful brick fireplace and inviting Pottery Barnstyle ambiance. The charm continues through the dining area and into the updated kitchen, creating a seamless flow ideal for both everyday living and entertaining. The main level includes a spacious primary suite with an en suite bath, a second full bathroom, a dedicated office, and a secondary bedroom with unique built-ins throughout. Extensive updates from 2021 to 2025 include: all new appliances, professional foundation leveling, new windows, metal roof, siding, fresh paint, updated flooring throughout, upgraded bathrooms, spray foam insulation in walls and attic for improved energy efficiency, new mini-split system, chimney repair, and much more. Outside, enjoy a fenced backyard perfect for pets, a two-car carport, a workshop/man cave with extra storage, and additional parking accessed through the alley. Full of personality and thoughtful upgrades, this home effortlessly combines historic charm with todays conveniencestruly a one-of-a-kind opportunity in a timeless neighborhood.

Neighborhood Data

Neighborhood data shown for ZIP Code: 76550, Lampasas, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,182 (100%)
Owner Occupied HU	3,845 (62.2%)
Renter Occupied HU	1,578 (25.5%)
Vacant Housing Units	759 (12.3%)
Median Home Value	$259,364
Average Home Value	$348,955