318 Locust Ave

Luling, TX 78648
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4 bd, 1 ba | 1,386 sqft | Built in 1930

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List Price
$180,000

Initial Investment

$49,050

Purchase Price

$180,000

Down Payment

25%

Rent

$1,810

Total Return

$78,834

Annualized Return

22.7%

Cap Rate

7.4%

Gross Yield

12.1%

Cash Flow

$2,741

Appreciation

6.3%
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Features

Occupancy

Unspecified

Lease Start

-

Lease End

-

Lot Size

12,501

HOA

None

Flood Risk

Not Required

Don't miss this opportunity to bring new life to this charming home. Nestled on an expansive lot, its potential is as vast as its grounds. Though in need of tender loving care, its proximity to Luling High School and local conveniences makes it an ideal location for families seeking both convenience and space. With a little imagination and effort, this home could become a haven of modern comfort while retaining its old-school charm. The generous lot size offers endless possibilities for expansion, landscaping, or outdoor entertainment areas, limited only by your vision.
Imagine the possibilities of transforming this property into your dream home, tailored to your tastes and needs. Whether you envision a cozy retreat or a bustling family hub, this home provides a canvas upon which to realize your dreams. While it may require some elbow grease, the potential return on investment is undeniable. Homes with this much character and potential are a rarity, and savvy buyers shouldn't let this opportunity pass them by. Seize the chance to create something truly special in this desirable location. Don't delay - schedule your showing today and unlock the possibilities awaiting within these walls.

See more in Analysis
Kevin Guerin
Guerin Property Services
TX Agent License #610683

Annual Financial Highlights

Expected Rent

$20,634

Expenses

-$5,257

Property Taxes

-$2,850

Loan Payments

-$9,786

Net Cash Flow

$2,741

See more in Financials

Property Characteristics

Buyer's Agent

An experienced local, licensed real estate broker/agent will represent you in this transaction. They will negotiate on your behalf, from your first offer through closing.
  • You can contact your Agent with questions even before making an offer.
  • A professional home inspection will be conducted prior to closing.  This inspection, paid for by Roofstock, will be conducted by a Roofstock-affiliated vendor.  As soon as the report is ready, your Agent will discuss the findings with you and help with any next steps.

Property Management

Why choose?
From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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Listing Courtesy of:Ana Solis
Agent License 0736636
Gayer Group, REALTORS(R)
Certified Agent Brokerage:Kevin Guerin
Guerin Property Services
TX Brokerage License 9000203
SourceAustin/Central Texas Real Estate Information Service (ACTRIS)
MLS #8962618
Last Updated: 04/23/2024 14:04
Disclaimer: The accuracy of this information is deemed reliable but not guaranteed or warrantied. All information should be independently verified before making purchase decisions. Information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The content relating to real estate for sale on this website appears courtesy of the Multiple Listing Service (MLS) listed as the “Source” on this page. Individual listings appear with the permission of the real estate brokerage identified under the “Listing Agent” on this page.