Hendrix Plan, Flint Ridge : Classic CollectionSaladoTX76571
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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 Hendrix Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 uses $114,364 cash to close to unlock $6,423/yr annual cash flow and $535/mo monthly cash flow. Total monthly income runs $2,989/mo, and a $1,689/mo payment keeps the spread at $535/mo. Purchase price stands at $344,990, and rental yield measures 10.4% with $2,989/mo rent. Return on cash invested shows 25.53% in year one, and 5% annual appreciation builds toward $95,314 over five years. Five-year ROI reaches 134.2% and total cumulative return in cash records $153,481. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,989/mo property income covering a $1,689/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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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