864 N Franklin St, La Grange, TX, 78945 | 2.38% Rental Yield

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864 N Franklin St, La Grange, TX, 78945 | 2.38% 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 La Grange at 864 N Franklin St, La Grange, TX, 78945 offers $1,140/mo rent that, after a $2,814/mo payment. Total monthly income is $1,140/mo. Return on cash invested measures 1.36% in year one, and rental yield stands at 2.38% at a $575,000 entry. Equity gained on principal adds $3,710/yr while 5% annual appreciation compounds into $158,862 by year five. Five-year ROI records 4.55% and total cumulative return in cash reaches $8,603. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,140/mo property income versus a $2,814/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1925

0.31 Acres lot

$N/A/sqft

No HOA

More details about the property

864 N. Franklin Where Timeless Charm Meets Modern Comfort Back on the market at $575,000, this beautifully updated property offers the best of both worldsclassic character with thoughtfully curated modern upgrades. From the moment you arrive, you'll be drawn in by the welcoming porches and tree-shaded setting. Inside the main house, narrow plank oak flooring has been refinished upstairs and down (2025), complementing the fresh interior paint and updated kitchen cabinets. The home features three updated bathrooms, each with new toilets, and a remodeled primary bath showcasing a new shower stall, sink, and a refurbished jetted tub. Enjoy the comfort of faux wood blinds throughout the main house and the charm of newly refurbished porches that invite you to slow down and enjoy the outdoors. The guest house has also been refreshed with new interior and exterior paint (2025), and the garage received a new galvanized roof (2024), along with fresh paint on both the garage and the potters shed. Other updates include: Updated sprinkler system (2025) Exterior trim and porches painted on the main house New light poles at both gate entrances New window screens on garage, potters shed, and guest house Appliances to convey: Refrigerator (2025, Home Depot) and stackable washer & dryer (2025, Lowes) Whether you're seeking a full-time residence, weekend escape, or potential Airbnb opportunity, this home is

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