124 S Kanaio DrBastropTX78602
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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 Bastrop at 124 S Kanaio Dr, Bastrop, TX, 78602 priced at $545,000 converts $2,447/mo rent into after a $2,668/mo obligation. Total monthly income equals $2,447/mo. Return on cash invested prints 10.5% in year one, and rental yield reads 5.39% against a $545,000 entry. Equity gained on principal adds $3,517/yr, while 5% annual appreciation compiles into $150,573 by year five. Five-year ROI reaches 53.55% and total cumulative return in cash sums $96,012. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,447/mo property income covering a $2,668/mo payment, not borrower’s personal income.
Multi Family
Built in 2016
10,280 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78602, Bastrop, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,506 (100%) |
| Owner Occupied HU | 11,642 (70.5%) |
| Renter Occupied HU | 3,542 (21.5%) |
| Vacant Housing Units | 1,322 ( 8.0%) |
| Median Home Value | $347,719 |
| Average Home Value | $396,837 |
Housing Distribution
Address Breakdown
Residential
14,020
Single Family
13,017
Multi-Family
1,003
Businesses
1,232
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