813 5thLockhartTX78644
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lockhart at 813 5th, Lockhart, TX, 78644 priced at $199,000 converts $1,538/mo rent into $123/mo cash flow after a $974/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $1,475/yr on $65,969 invested. Return on cash invested prints 22.14% in year one, and rental yield reads 9.27% against a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation compiles into $54,980 by year five. Five-year ROI reaches 116.05% and total cumulative return in cash sums $76,554. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $974/mo payment, not borrower’s personal income.
Single Family
Built in 1986
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78644, Lockhart, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,724 (100%) |
| Owner Occupied HU | 5,615 (64.4%) |
| Renter Occupied HU | 2,384 (27.3%) |
| Vacant Housing Units | 725 ( 8.3%) |
| Median Home Value | $234,543 |
| Average Home Value | $282,891 |
Housing Distribution
Address Breakdown
Residential
8,067
Single Family
7,406
Multi-Family
661
Businesses
755
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Listed by: Patrick Davis • Link Realty, LLC
Mls Name: SABOR
Mls Provider:
Mls ID: #1831964
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.