505 Waldrip StFredericksburgTX78624
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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
Investment Highlights
Total monthly income runs $2,522/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 4.35% with $2,522/mo rent. Return on cash invested shows 7.36% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 36.72% and total cumulative return in cash records $83,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,522/mo property income covering a $3,402/mo payment rather than investor’s personal income.
Single Family
Built in 1953
1.59 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
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Listed by: Mimi Bartel & Adam Carroll • Fore Premier Properties
Mls Name: CHCBOR
Mls ID: #100498