510 Mueller St #22FredericksburgTX78624
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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
Investment property for sale in Fredericksburg at 510 Mueller St #22, Fredericksburg, TX, 78624 uses $116,025 cash to close to unlock $2,221/yr annual cash flow and $185/mo monthly cash flow. Total monthly income runs $2,747/mo, and a $1,713/mo payment keeps the spread at $185/mo. Purchase price stands at $350,000, and rental yield measures 9.42% with $2,747/mo rent. Return on cash invested shows 21.82% in year one, and 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 114.63% and total cumulative return in cash records $132,998. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,747/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Condo
Built in 2023
1,306 sqft lot
$N/A/sqft
$877 annually 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: Adam Carroll • CENTURY 21 The Hills Realty
Mls Name: CHCBOR
Mls Provider:
Mls ID: #96461
Disclaimer: Copyright Central Hill Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.