Steely Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 | 6.24% Rental Yield

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Steely Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 | 6.24% 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 Salado at Steely Plan, Flint Ridge: Classic Collection, Salado, TX, 76571 priced at $393,990 converts $2,050/mo rent into after a $1,928/mo obligation. Total monthly income equals $2,050/mo. Return on cash invested prints 13.01% in year one, and rental yield reads 6.24% against a $393,990 entry. Equity gained on principal adds $2,542/yr, while 5% annual appreciation compiles into $108,852 by year five. Five-year ROI reaches 67.04% and total cumulative return in cash sums $87,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,050/mo property income covering a $1,928/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

This two-story home features a Next Gen suite with a separate entrance, living space, bedroom and bathroom, ideal for multigenerational households or residents needing extra privacy. On the first floor, an open layout shared between the kitchen, nook and family room offers convenient access to the covered patio, making entertaining easy. The luxe owner's suite is tucked into a private rear corner and has an en-suite bathroom and walk-in closet, with another bedroom near the front of the home. Two additional bedrooms share the second floor with a versatile game room.

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