116 Courtside WaySpicewoodTX78669
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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
Investment Highlights
Rental property for sale in Spicewood at 116 Courtside Way, Spicewood, TX, 78669 offers $3,120/mo rent that, after a $3,370/mo payment. Total monthly income is $3,120/mo. Return on cash invested measures 10.65% in year one, and rental yield stands at 5.44% at a $688,500 entry. Equity gained on principal adds $4,443/yr while 5% annual appreciation compounds into $190,220 by year five. Five-year ROI records 54.37% and total cumulative return in cash reaches $123,161. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,120/mo property income versus a $3,370/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1989
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78669, Spicewood, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,541 (100%) |
| Owner Occupied HU | 4,686 (71.6%) |
| Renter Occupied HU | 637 ( 9.7%) |
| Vacant Housing Units | 1,218 (18.6%) |
| Median Home Value | $759,615 |
| Average Home Value | $852,653 |
Housing Distribution
Address Breakdown
Residential
5,910
Single Family
5,902
Multi-Family
8
Businesses
312
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