518 Elm Cir, Buchanan Dam, TX, 78609 | 5.51% Rental Yield

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518 Elm Cir, Buchanan Dam, TX, 78609 | 5.51% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Buchanan Dam at 518 Elm Cir, Buchanan Dam, TX, 78609 priced at $625,000 pairs $2,869/mo rent with after a $3,059/mo payment. Total monthly income equals $2,869/mo. Return on cash invested is 10.87% in year one, and rental yield stands at 5.51% on a $625,000 basis. Equity gained on principal adds $4,033/yr, and 5% annual appreciation accumulates to $172,676 by year five. Five-year ROI measures 55.53% and total cumulative return in cash reaches $114,193. For financing, Ziffy Mortgage’s DSCR program evaluates $2,869/mo property income against a $3,059/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1970

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Lake Buchanan waterfront lake house or year-around living on just over one-half acre. Eighty-eight feet of (inlet) waterfront on Lake Buchanan, offers a lake view, fishing, and boat access, right from the backyard. Six trees provide plenty of shade during the summer months. The property has a lake pump fed sprinkler system. The house has many improvements: insulated windows, porcelain floors, a whole house water filtration system and kitchen RO unit, a water softener, 50 gallon water heater and 5 ton HVAC. The roof was replaced in late 2021. A new 336 Sq Ft enclosed sun room was added in 2018, providing morning sun and water views. Other upgrades include house rain gutters, insulated garage doors and openers, a two-car covered carport and an LCRA certified septic drain field.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78609, Buchanan Dam, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,471 (100%)
Owner Occupied HU	795 (54.0%)
Renter Occupied HU	224 (15.2%)
Vacant Housing Units	452 (30.7%)
Median Home Value	$362,500
Average Home Value	$444,676