16021 Remington Reserve Way, Austin, TX, 78728 | 6.29% Rental Yield

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16021 Remington Reserve Way, Austin, TX, 78728 | 6.29% Rental Yield | Ziffy

Off market

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

Investment property for sale in Austin at 16021 Remington Reserve Way, Austin, TX, 78728 offers a 6.29% rental yield on a $418,300 purchase with $2,193/mo rent. 9% in year one. Equity gained on principal adds $2,699/yr while 5% annual appreciation supports $115,569 over five years. Portfolio math shows five-year ROI at 66.54% and total cumulative return in cash at $92,269. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,193/mo property income against a $2,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2016

4,970 sqft lot

$N/A/sqft

$29 monthly HOA

More details about the property

Beautiful home in North Austin Preston Valley community with Round Rock ISD. Open floor plan with upgraded wood flooring through out the downstairs. Great kitchen island provides nice gathering place / breakfast bar open to the family room. Refrigerator, washer and dryer included. Master bedroom and bath downstairs. Upstairs flex space between two bedrooms and shared full bath. Covered patio, full sprinkler system. Beautiful community pool, two playgrounds, basketball court and pavilion. Great location, 45 Toll, I-35, Mopac makes commuting easy to employers. Lease expiration May 2023, approx 14 months depending on move in date. FIRST QUALIFIED LISTING! We give your client first consideration for approval. Please review the Application Packet, provide copy of Driver's License (ID) and Proof of Income (3 yrs check stubs, W2's, 1099, Tax Return(if self employed)) to the listing agent to expedite processing. PROCESSING TIMELINE: Because our listings are on a "First Qualified" basis, it is imperative that we be able to process applications in three (3) business days. Casa Dulce and the third-party verification company we use are open, Monday through Friday 9am to 5pm: Closed for Lunch 11:30-12:30 We are closed weekends and holidays.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78728, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,979 (100%)
Owner Occupied HU	3,785 (29.2%)
Renter Occupied HU	8,576 (66.1%)
Vacant Housing Units	618 ( 4.8%)
Median Home Value	$452,178
Average Home Value	$561,641