637 N Washington St, La Grange, TX, 78945 | 5.3% Rental Yield

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637 N Washington St, La Grange, TX, 78945 | 5.3% 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

Investment property for sale in La Grange at 637 N Washington St, La Grange, TX, 78945 listed at $449,000 pairs $1,982/mo rent with a $2,198/mo payment. Total monthly income runs $1,982/mo. Return on cash invested measures 10.14% in year one, and rental yield registers 5.3% at a $449,000 basis. Equity gained on principal adds $2,897/yr, and annual property appreciation at 5% supports $124,050 by year five. Five-year ROI tracks 51.67% and total cumulative return in cash totals $76,912. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,982/mo property income relative to a $2,198/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1900

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Meticulously renovated antique home, just blocks from the square in La Grange. Walk to shopping & dining. Enjoy all of the modern conveniences one desires in this immaculate jewel box. Generously bedrooms & a surprisingly open floor plan, the house lives larger than its square footage suggests. As an added feature, the sellers have constructed a custom bonus structure in the backyard. With a vaulted ceiling, electricity, and the perfect porch for rocking, it could be used for storage as is, finished out as a home office, additional living quarters, or an outdoor entertaining area. Ideal for family living or an easy to maintain weekend retreat, owners and guests alike with appreciate the tall ceilings, impeccable island kitchen, & shaded backyard. All new plumbing & electrical, new windows and siding. No surface untouched. Whole home generator, recessed lighting, vinyl plank flooring & custom cabinetry.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78945, La Grange, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,435 (100%)
Owner Occupied HU	3,493 (64.3%)
Renter Occupied HU	1,087 (20.0%)
Vacant Housing Units	855 (15.7%)
Median Home Value	$336,798
Average Home Value	$428,576