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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Austin at 1190 1/2 Ridge Dr, Austin, TX, 78721 generates $3,116/mo in rent and, after a $1,659/mo payment, leaves $623/mo in cash flow. Total monthly income is $3,116/mo, and annual cash flow is $7,480/yr on $112,379 invested. Return on cash invested sits at 26.57% in year one, and rental yield is 11.03% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 140.09% and total cumulative return in cash sums $157,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,116/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
5,919 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78721, Austin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,473 (100%) |
| Owner Occupied HU | 2,507 (38.7%) |
| Renter Occupied HU | 2,868 (44.3%) |
| Vacant Housing Units | 1,098 (17.0%) |
| Median Home Value | $603,149 |
| Average Home Value | $714,128 |
Residential
5,434
Single Family
3,949
Multi-Family
1,485
Businesses
322
Date | Event | Price |
|---|---|---|
| 2024-08-05 | Price change | $339,000 |
| 2024-07-09 | Listed for sale | $349,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-14 | $6613.11 | -12.58% | $365,517 | -4.57% |
| 2022-08-14 | $7564.37 | N/A | $383,021 | 59.61% |
| 2021-08-14 | N/A | N/A | $239,974 | 10.09% |
Listed by: Philip Salem • University Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #2828081
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-08-14 09:13:45 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is 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. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)
