Joplin Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 | $182/mo Cash Flow

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Joplin Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 | $182/mo Cash Flow | Ziffy

For Sale

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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 Salado at Joplin Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 offers $2,514/mo rent that, after a $1,605/mo payment, leaves $182/mo cash flow. Total monthly income is $2,514/mo, and annual cash flow is $2,184/yr on $108,729 cash. Return on cash invested measures 21.92% in year one, and rental yield stands at 9.2% at a $327,990 entry. Equity gained on principal adds $2,116/yr while 5% annual appreciation compounds into $90,618 by year five. Five-year ROI records 114.81% and total cumulative return in cash reaches $124,828. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,514/mo property income versus a $1,605/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This single-story home shares an open layout between the kitchen, nook and family room for easy entertaining, along with access to the covered patio for year-round outdoor lounging. A luxe owner's suite is in a rear of the home and comes complete with an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, ideal for household members and overnight guests, as well as a versatile flex space that can transform to meet the homeowner's needs.

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