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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 1912 Melissa Oaks Ln, Austin, TX, 78744 priced at $349,999 converts $2,640/mo rent into $134/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $1,614/yr on $116,025 invested. Return on cash invested prints 21.3% in year one, and rental yield reads 9.05% against a $349,999 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,698 by year five. Five-year ROI reaches 111.58% and total cumulative return in cash sums $129,458. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2005
6,181 sqft lot
$N/A/sqft
$200 annually HOA
Neighborhood data shown for ZIP Code: 78744, Austin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,678 (100%) |
| Owner Occupied HU | 10,607 (44.8%) |
| Renter Occupied HU | 11,551 (48.8%) |
| Vacant Housing Units | 1,520 ( 6.4%) |
| Median Home Value | $410,154 |
| Average Home Value | $446,224 |
Residential
22,141
Single Family
14,979
Multi-Family
7,162
Businesses
1,026
Date | Event | Price |
|---|---|---|
| 2024-10-07 | Price change | $349,999 |
| 2024-09-10 | Listed for sale | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $3030.45 | -23.52% | $362,516 | 10.00% |
| 2022-10-18 | $3962.49 | N/A | $329,560 | 10.00% |
| 2021-10-18 | N/A | N/A | $299,600 | 5.98% |
Listed by: David Sears • TLC Casas, Inc.
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #7961094
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-10-18 00:54:36 PDT. 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)
