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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% |
Investment property for sale in Weimar at 505 W Main St, Weimar, TX, 78962 offers a 20.04% rental yield on a $250,000 purchase with $4,175/mo rent. Total monthly income registers $4,175/mo, and a $1,224/mo payment leaves $2,397/mo available for distribution. Annual cash flow reaches $28,762/yr on $82,875 to close, and return on cash invested stands at 54.61% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 290.15% and total cumulative return in cash at $240,466. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,175/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1947
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78962, Weimar, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,629 (65.3%) |
| Renter Occupied HU | 325 (13.0%) |
| Vacant Housing Units | 542 (21.7%) |
| Median Home Value | $298,242 |
| Average Home Value | $479,954 |
Residential
2,104
Single Family
2,062
Multi-Family
42
Businesses
229
Date | Event | Price |
|---|---|---|
| 2024-07-27 | Price change | $250,000 |
| 2024-06-18 | Listed for sale | $285,000 |
| 2024-06-09 | Pending sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $2353.38 | -32.88% | $250,679 | 10.00% |
| 2022-08-14 | $3506.14 | 53.96% | $227,890 | 96.00% |
| 2021-08-14 | $2277.27 | N/A | $116,270 | 8.19% |
Listed by: Christie Mertz • ResLand Realty Group
Mls Name: HAR
Mls Provider:
Mls ID: #48626542
Disclaimer: Copyright 2024, Houston REALTORS Information Service, Inc. The information provided is exclusively for consumers personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
