516 N College StWeimarTX78962
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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 Weimar at 516 N College St, Weimar, TX, 78962 offers $2,207/mo rent that, after a $1,659/mo payment. Total monthly income is $2,207/mo. Return on cash invested measures 17.74% in year one, and rental yield stands at 7.81% at a $339,000 entry. Equity gained on principal adds $2,188/yr while 5% annual appreciation compounds into $93,659 by year five. Five-year ROI records 92.41% and total cumulative return in cash reaches $103,852. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,207/mo property income versus a $1,659/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78962, Weimar, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,496 (100%) |
| Owner Occupied HU | 1,629 (65.3%) |
| Renter Occupied HU | 325 (13.0%) |
| Vacant Housing Units | 542 (21.7%) |
| Median Home Value | $298,242 |
| Average Home Value | $479,954 |
Housing Distribution
Address Breakdown
Residential
2,104
Single Family
2,062
Multi-Family
42
Businesses
229
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