Carrington Plan, Drake's LandingSaladoTX76571
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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
Investment property for sale in Salado at Carrington Plan, Drake's Landing, Salado, TX, 76571 earns $2,229/mo cash flow from $5,408/mo rent with a $2,188/mo payment. Total monthly income totals $5,408/mo, and annual cash flow totals $26,750/yr on $148,181 capital. ROI tracks 37.96% on current figures, and rental yield reads 14.52% at a $447,000 purchase. Equity gained on principal adds $2,884/yr, and 5% annual appreciation supports $123,498 over five years. Five-year ROI reaches 200.88% and total cumulative return in cash sums $297,660. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $5,408/mo property income instead of your personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 76571, Salado, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,913 (100%) |
| Owner Occupied HU | 3,095 (79.1%) |
| Renter Occupied HU | 574 (14.7%) |
| Vacant Housing Units | 244 ( 6.2%) |
| Median Home Value | $445,392 |
| Average Home Value | $511,914 |
Housing Distribution
Address Breakdown
Residential
4,248
Single Family
4,240
Multi-Family
8
Businesses
519
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