517 Luther DrGeorgetownTX78628
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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 Georgetown at 517 Luther Dr, Georgetown, TX, 78628 listed at $399,000 pairs $3,671/mo rent with a $1,953/mo payment to leave $834/mo cash flow. Total monthly income runs $3,671/mo, and annual cash flow reaches $10,003/yr on $132,269 cash to close. Return on cash invested measures 27.47% in year one, and rental yield registers 11.04% at a $399,000 basis. Equity gained on principal adds $2,575/yr, and annual property appreciation at 5% supports $110,236 by year five. Five-year ROI tracks 144.61% and total cumulative return in cash totals $191,270. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,671/mo property income relative to a $1,953/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1985
7,762 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78628, Georgetown, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,063 (100%) |
| Owner Occupied HU | 17,834 (68.4%) |
| Renter Occupied HU | 5,988 (23.0%) |
| Vacant Housing Units | 2,241 ( 8.6%) |
| Median Home Value | $621,770 |
| Average Home Value | $685,602 |
Housing Distribution
Address Breakdown
Residential
21,819
Single Family
18,594
Multi-Family
3,225
Businesses
830
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Listed by: Brett Danaher • Century 21 Stribling Properties
Mls Name: Unlock MLS
Mls ID: #4234302