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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 1601 Faro Dr APT 1303, Austin, TX, 78741 generates $2,766/mo in rent and, after a $1,448/mo payment, leaves $662/mo in cash flow. Total monthly income is $2,766/mo, and annual cash flow is $7,945/yr on $98,091 invested. Return on cash invested sits at 28.01% in year one, and rental yield is 11.22% on a $295,900 entry. Equity gained on principal adds $1,909/yr, while 5% annual appreciation builds toward $81,752 over five years. Five-year ROI reaches 147.53% and total cumulative return in cash sums $144,717. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,766/mo property income rather than buyer’s personal income.
Condo
Built in 1983
5,815 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
| 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 |
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
Date | Event | Price |
|---|---|---|
| 2024-07-19 | Listed for sale | $295,900 |
| 2024-01-22 | Listing removed | N/A |
| 2023-10-25 | Listed for sale | $329,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-31 | N/A | N/A | $257,997 | 10.00% |
| 2022-08-31 | $2695.16 | N/A | $234,543 | 10.00% |
| 2021-08-31 | N/A | N/A | $213,221 | 10.00% |
Listed by: Scott Hayes • Compass RE Texas, LLC
Mls Name: Central Texas MLS
Mls Provider:
Mls ID: #547572
Disclaimer: Listing and property data is from an Internet Data Exchange (IDX) provided by the Central Texas MLS. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2024 Central Texas MLS, All Rights Reserved.
