1123 Reagan Ter, Austin, TX, 78704 | 2.74% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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1123 Reagan Ter, Austin, TX, 78704 | 2.74% 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 Austin at 1123 Reagan Ter, Austin, TX, 78704 generates $1,314/mo in rent, after a $2,814/mo payment. Total monthly income is $1,314/mo. Return on cash invested sits at 2.46% in year one, and rental yield is 2.74% on a $575,000 entry. Equity gained on principal adds $3,710/yr, while 5% annual appreciation builds toward $158,862 over five years. Five-year ROI reaches 10.47% and total cumulative return in cash sums $19,811. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,314/mo property income rather than buyer’s personal income.

Single Family

Built in 1942

10,193 sqft lot

$N/A/sqft

No HOA

More details about the property

Imagine a nearly quarter acre corner parcel hugged by heritage live oaks in Travis Heights, inside ZIP Code 78704. The lot is just over 10,000 square feet. The existing structure is a modest single-family home built in 1942, around 1,300 square feet, with one bathroom. The home has served its time and is best viewed as a pathway to a new project. Heres what makes this site so compelling. You have room to design a high-end custom single family residence or duplex with separate drive while preserving majestic trees that cannot be replaced. The corner location offers dual frontage opportunities for beautifully proportioned spaces. With the neighborhood median home value well over $1.3 million new Travis Heights homes here are intensely desirable.?Walkability, views, character, proximity to South Congress and amenities make for strong demand. The family wishes to honor their uncle who cared for this beautiful lot for decades which will deeply resonates with buyers and builders who value heritage and authenticity. The lot is through probate with clean legal title, city services on site, and likely full teardown options. Permitting for similar luxury builds in this zone move swiftly when plans are well conceived. You can begin designs now and break ground in months rather than years. This is your chance to write the next chapter of this storied site. The canvas is rare. The location is coveted. The legacy is real. Reach out now to learn exact zoning limits, setbacks, tree protection overlays, and buildable area. Its time for you to craft a new timeless Travis Heights home that builds toward a bright new future.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78704, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,219 (100%)
Owner Occupied HU	9,122 (31.2%)
Renter Occupied HU	17,764 (60.8%)
Vacant Housing Units	2,333 ( 8.0%)
Median Home Value	$905,722
Average Home Value	$1,042,481