509 S Meyer StLa GrangeTX78945
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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 La Grange at 509 S Meyer St, La Grange, TX, 78945 priced at $340,000 converts $4,135/mo rent into $1,717/mo cash flow after a $1,664/mo obligation. Total monthly income equals $4,135/mo, and annual cash flow totals $20,608/yr on $112,710 invested. Return on cash invested prints 38.19% in year one, and rental yield reads 14.59% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 202.13% and total cumulative return in cash sums $227,826. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,135/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1960
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,435 (100%) |
| Owner Occupied HU | 3,493 (64.3%) |
| Renter Occupied HU | 1,087 (20.0%) |
| Vacant Housing Units | 855 (15.7%) |
| Median Home Value | $336,798 |
| Average Home Value | $428,576 |
Housing Distribution
Address Breakdown
Residential
4,890
Single Family
4,751
Multi-Family
139
Businesses
733
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Listed by: Terrell Newton • Land Brokers, INC
Mls Name: HAR
Mls Provider:
Mls ID: #14015559
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