118 Lazy Oak PlaceSpicewoodTX78669
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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 118 Lazy Oak Place, Spicewood, TX, 78669 offers $5,720/mo rent that, after a $6,828/mo payment. Total monthly income is $5,720/mo. Return on cash invested measures 9.22% in year one, and rental yield stands at 4.92% at a $1,395,000 entry. Equity gained on principal adds $9,002/yr while 5% annual appreciation compounds into $385,413 by year five. Five-year ROI records 46.65% and total cumulative return in cash reaches $210,850. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,720/mo property income versus a $6,828/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
1.08 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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Listed by: Todd Sherman • Resident Realty, LTD.
Mls Name: HLMLS
Mls Provider:
Mls ID: #168732
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.