506 Hickory StBastropTX78602
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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
Rental property for sale in Bastrop at 506 Hickory St, Bastrop, TX, 78602 priced at $217,157 converts $2,400/mo rent into $785/mo cash flow after a $1,063/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $9,421/yr on $71,988 invested. Return on cash invested prints 33% in year one, and rental yield reads 13.26% against a $217,157 entry. Equity gained on principal adds $1,401/yr, while 5% annual appreciation compiles into $59,996 by year five. Five-year ROI reaches 174.72% and total cumulative return in cash sums $125,779. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,063/mo payment, not borrower’s personal income.
Single Family
Built in 1940
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78602, Bastrop, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,506 (100%) |
| Owner Occupied HU | 11,642 (70.5%) |
| Renter Occupied HU | 3,542 (21.5%) |
| Vacant Housing Units | 1,322 ( 8.0%) |
| Median Home Value | $347,719 |
| Average Home Value | $396,837 |
Housing Distribution
Address Breakdown
Residential
14,020
Single Family
13,017
Multi-Family
1,003
Businesses
1,232
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