206 S Mustang Ave, Cedar Park, TX, 78613 | $151/mo Cash Flow

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206 S Mustang Ave, Cedar Park, TX, 78613 | $151/mo Cash Flow | Ziffy

For Sale

Rental Income

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 Cedar Park at 206 S Mustang Ave, Cedar Park, TX, 78613 generates $2,284/mo in rent and, after a $1,468/mo payment, leaves $151/mo in cash flow. Total monthly income is $2,284/mo, and annual cash flow is $1,815/yr on $99,417 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 9.14% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 113.88% and total cumulative return in cash sums $113,212. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,284/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

0.45 Acres lot

$N/A/sqft

No HOA

More details about the property

Discover a rare opportunity in the heart of Cedar Park with this charming 1960 single-story home set on nearly half an acre. Featuring 3 bedrooms, 2 full baths, and 1,372 square feet, this property is brimming with potential. The spacious lot, approximately 0.46 acres, has no HOA and no known deed restrictions, giving you freedom to park an RV or boat, add a workshop, or even build a guest house or studio (buyer to verify). Step outside to a large backyard with mature trees, multiple storage sheds, a deck, and a whimsical chicken coop. It is perfect for outdoor hobbies, gardening, or entertaining. The classic pier and beam foundation offers character and flexibility for updates. The location is unbeatable: minutes from the new $33 million Cedar Park Library, Brushy Creek Trail system, Bell District, HEB Center, and top shopping including Costco and Target. Enjoy quick access to 183A for a smooth 20 to 25 minute commute to downtown Austin. Zoned to highly rated Leander ISD schools including Reed Elementary, Henry Middle, and Vista Ridge High. Priced well below the Cedar Park median, this home is an exceptional value for first-time buyers, renovators, or investors looking for rental income or long-term equity growth. Whether you envision updating the existing home, adding improvements, or holding for land value, this property offers endless possibilities in a thriving community. Schedule your showing today and imagine the potential of 206 S Mustang Avenue, one of Cedar Parks best opportunities for space, location, and lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78613, Cedar Park, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	35,575 (100%)
Owner Occupied HU	20,757 (58.3%)
Renter Occupied HU	13,356 (37.5%)
Vacant Housing Units	1,462 ( 4.1%)
Median Home Value	$517,721
Average Home Value	$581,975