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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 1509 Morgan Ln, Austin, TX, 78704 priced at $899,999 pairs $3,000/mo rent with after a $4,405/mo payment. Total monthly income equals $3,000/mo. Return on cash invested is 6.28% in year one, and rental yield stands at 4% on a $899,999 basis. Equity gained on principal adds $5,808/yr, and 5% annual appreciation accumulates to $248,653 by year five. Five-year ROI measures 30.94% and total cumulative return in cash reaches $91,619. For financing, Ziffy Mortgage’s DSCR program evaluates $3,000/mo property income against a $4,405/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78704, Austin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,219 (100%) |
| Owner Occupied HU | 9,122 (31.2%) |
| Renter Occupied HU | 17,764 (60.8%) |
| Vacant Housing Units | 2,333 ( 8.0%) |
| Median Home Value | $905,722 |
| Average Home Value | $1,042,481 |
Residential
29,656
Single Family
14,285
Multi-Family
15,371
Businesses
2,599
Date | Event | Price |
|---|---|---|
| 2024-09-21 | Price change | $899,999 |
| 2024-06-04 | Listed for sale | $999,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-27 | N/A | N/A | $609,916 | 10.00% |
| 2023-12-27 | $3006.41 | 5.42% | $554,469 | 10.00% |
| 2022-12-27 | $2851.97 | N/A | $504,063 | 10.00% |
Listed by: Tim Grondin • van Heuven Properties
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #4485904
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-12-26 19:43:54 PST. 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)
