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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Salado at Nixon Plan, Drake's Landing, Salado, TX, 76571 offers a 12.57% rental yield on a $495,600 purchase with $5,191/mo rent. Total monthly income registers $5,191/mo, and a $2,426/mo payment leaves $1,666/mo available for distribution. Annual cash flow reaches $19,997/yr on $164,291 to close, and return on cash invested stands at 32.08% in year one. Equity gained on principal adds $3,198/yr while 5% annual appreciation supports $136,925 over five years. Portfolio math shows five-year ROI at 169.33% and total cumulative return in cash at $278,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,191/mo property income against a $2,426/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 76571, Salado, TX area.
| 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 |
Residential
4,248
Single Family
4,240
Multi-Family
8
Businesses
519
Date | Event | Price |
|---|---|---|
| 2023-12-06 | Listing removed | N/A |
| 2023-03-24 | Price change | $495,600 |
| 2022-08-27 | Price change | $488,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mikaela Vaughan • Omega Builders
Mls Name: Omega Builders
Mls ID: #N/A
