602 S Pierce StBurnetTX78611
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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 Burnet at 602 S Pierce St, Burnet, TX, 78611 offers $1,920/mo rent that, after a $1,339/mo payment. Total monthly income is $1,920/mo. Return on cash invested measures 19.57% in year one, and rental yield stands at 8.42% at a $273,500 entry. Equity gained on principal adds $1,765/yr while 5% annual appreciation compounds into $75,563 by year five. Five-year ROI records 102.27% and total cumulative return in cash reaches $92,720. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,339/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78611, Burnet, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,970 (100%) |
| Owner Occupied HU | 5,024 (63.0%) |
| Renter Occupied HU | 1,421 (17.8%) |
| Vacant Housing Units | 1,525 (19.1%) |
| Median Home Value | $359,337 |
| Average Home Value | $468,828 |
Housing Distribution
Address Breakdown
Residential
6,767
Single Family
6,650
Multi-Family
117
Businesses
692
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