47 Melrose DrFredericksburgTX78624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 47 Melrose Dr, Fredericksburg, TX, 78624 priced at $200,000 pairs $1,352/mo rent with after a $979/mo payment. Total monthly income equals $1,352/mo. Return on cash invested is 18.64% in year one, and rental yield stands at 8.11% on a $200,000 basis. Equity gained on principal adds $1,291/yr, and 5% annual appreciation accumulates to $55,256 by year five. Five-year ROI measures 97.22% and total cumulative return in cash reaches $64,460. For financing, Ziffy Mortgage’s DSCR program evaluates $1,352/mo property income against a $979/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1999
0.48 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Elizabeth Rodriguez • Keller Williams Realty - Kerrville
Mls Name: KVMLS
Mls ID: #118720
Disclaimer: Copyright Kerrville Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.