1518 Parker Ln #BAustinTX78741
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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 1518 Parker Ln #B, Austin, TX, 78741 generates $4,962/mo in rent and, after a $3,250/mo payment, leaves $240/mo in cash flow. Total monthly income is $4,962/mo, and annual cash flow is $2,882/yr on $218,456 invested. Return on cash invested sits at 21.38% in year one, and rental yield is 8.97% on a $664,000 entry. Equity gained on principal adds $4,285/yr, while 5% annual appreciation builds toward $183,451 over five years. Five-year ROI reaches 111.92% and total cumulative return in cash sums $244,505. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,962/mo property income rather than buyer’s personal income.
Condo
Built in 2020
5,231 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 3,645 (12.5%) |
| Renter Occupied HU | 22,859 (78.3%) |
| Vacant Housing Units | 2,708 ( 9.3%) |
| Median Home Value | $457,851 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
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