1518 Parker Ln #B, Austin, TX, 78741 | $240/mo Cash Flow

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1518 Parker Ln #B, Austin, TX, 78741 | $240/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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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

More details about the property

DOWNTOWN VIEWS + Ample storage space! Your search for the ultimate Austin experience ends here! Welcome to your private treehouse oasis in East Riverside, a stunning 3-bedroom, 2-bath retreat that perfectly blends urban excitement with serene privacy. Your Elevated Austin Lifestyle Awaits! Step inside and be captivated by the 10-foot ceilings and an exceptional layout that flows seamlessly from room to room. The large, open kitchen is a chef's dream, ready for culinary adventures or casual entertaining. Imagine sipping your morning coffee or unwinding with an evening cocktail on your private balcony, soaking in the tranquil surroundings. The outdoor space is a fantastic spot to unwind, featuring a refreshing stock tank poolyour secret weapon against those hot Austin summersand breathtaking Downtown Austin skyline views. Unbeatable Location This treehouse haven offers the best of both worlds. You're just 10 minutes from Downtown Austin's vibrant energy and only minutes away from the iconic South Congress for unparalleled shopping, dining, and those quintessential Austin vibes. Commuting is a breeze with less than 2 minutes to I-35, and you'll appreciate the close proximity to Austin-Bergstrom International Airport. Despite being moments from the city's best bars and nightlife, you'll feel completely tucked away in your peaceful sanctuary. Don't miss the opportunity to own a peaceful retreat right in the middle of all the fun and action of vibrant Austin, Texas. This unique property won't last long!

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