609 Oak Park Dr #609BoerneTX78006
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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 Boerne at 609 Oak Park Dr #609, Boerne, TX, 78006 generates $1,968/mo in rent and, after a $951/mo payment, leaves $586/mo in cash flow. Total monthly income is $1,968/mo, and annual cash flow is $7,036/yr on $64,410 invested. Return on cash invested sits at 30.83% in year one, and rental yield is 12.15% on a $194,300 entry. Equity gained on principal adds $1,254/yr, while 5% annual appreciation builds toward $53,682 over five years. Five-year ROI reaches 162.67% and total cumulative return in cash sums $104,778. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,968/mo property income rather than buyer’s personal income.
Condo
Built in 1976
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78006, Boerne, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,615 (100%) |
| Owner Occupied HU | 14,264 (72.7%) |
| Renter Occupied HU | 3,658 (18.6%) |
| Vacant Housing Units | 1,693 ( 8.6%) |
| Median Home Value | $534,856 |
| Average Home Value | $663,428 |
Housing Distribution
Address Breakdown
Residential
18,722
Single Family
16,914
Multi-Family
1,808
Businesses
2,116
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