13124 Mill Stone DrAustinTX78729
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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 Austin at 13124 Mill Stone Dr, Austin, TX, 78729 generates $2,797/mo in rent and, after a $1,561/mo payment, leaves $464/mo in cash flow. Total monthly income is $2,797/mo, and annual cash flow is $5,571/yr on $105,715 invested. Return on cash invested sits at 25.18% in year one, and rental yield is 10.52% on a $318,900 entry. Equity gained on principal adds $2,058/yr, while 5% annual appreciation builds toward $88,106 over five years. Five-year ROI reaches 132.61% and total cumulative return in cash sums $140,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,797/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
7,157 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78729, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,395 (100%) |
| Owner Occupied HU | 5,342 (34.7%) |
| Renter Occupied HU | 9,442 (61.3%) |
| Vacant Housing Units | 611 ( 4.0%) |
| Median Home Value | $489,566 |
| Average Home Value | $533,615 |
Housing Distribution
Address Breakdown
Residential
14,851
Single Family
7,344
Multi-Family
7,507
Businesses
552
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