138 World Of Tennis SqLakewayTX78738
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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 Lakeway at 138 World Of Tennis Sq, Lakeway, TX, 78738 priced at $330,000 converts $2,559/mo rent into $213/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,559/mo, and annual cash flow totals $2,550/yr on $109,395 invested. Return on cash invested prints 22.24% in year one, and rental yield reads 9.31% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 116.57% and total cumulative return in cash sums $127,523. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,559/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Condo
Built in 1971
8,755 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78738, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,817 (100%) |
| Owner Occupied HU | 9,948 (72.0%) |
| Renter Occupied HU | 3,060 (22.1%) |
| Vacant Housing Units | 809 ( 5.9%) |
| Median Home Value | $863,930 |
| Average Home Value | $1,035,231 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
11,168
Multi-Family
2,074
Businesses
914
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