11608 Spicewood Pkwy UNIT 38AustinTX78750
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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
Investment property for sale in Austin at 11608 Spicewood Pkwy UNIT 38, Austin, TX, 78750 offers a 5.75% rental yield on a $740,000 purchase with $3,548/mo rent. 64% in year one. Equity gained on principal adds $4,775/yr while 5% annual appreciation supports $204,448 over five years. Portfolio math shows five-year ROI at 49.67% and total cumulative return in cash at $120,922. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,548/mo property income against a $3,622/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2005
8,873 sqft lot
$N/A/sqft
$145 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78750, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,202 (100%) |
| Owner Occupied HU | 7,338 (60.1%) |
| Renter Occupied HU | 4,422 (36.2%) |
| Vacant Housing Units | 442 ( 3.6%) |
| Median Home Value | $630,506 |
| Average Home Value | $667,088 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
8,452
Multi-Family
3,100
Businesses
887
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