510 Mueller St LOT 1FredericksburgTX78624
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 510 Mueller St LOT 1, Fredericksburg, TX, 78624 in Fredericksburg at $284,800 earns $2,220/mo in rent and nets $122/mo after the $1,281/mo payment, a 9.35% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $78,685 over five years. Ziffy Mortgage underwrites this on a 1.73 DSCR without U.S. credit history. With $2,623/yr in principal paydown, total projected return reaches $117,281.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $122 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,220 |
| Total Monthly Debt Service | $1,985 |
| DSCR Ratio | 1.12x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2014
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2014
1,742 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mimi Bartel • Fore Premier Properties
Mls Name: CHCBOR
Mls Provider:
Mls ID: #96700
Disclaimer: Copyright Central Hill Country Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.