20815 Colorado Dr W, Spicewood, TX, 78669 | $1,453/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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20815 Colorado Dr W, Spicewood, TX, 78669 | $1,453/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 Spicewood at 20815 Colorado Dr W, Spicewood, TX, 78669 generates $5,720/mo in rent and, after a $2,937/mo payment, leaves $1,453/mo in cash flow. Total monthly income is $5,720/mo, and annual cash flow is $17,436/yr on $197,400 invested. Return on cash invested sits at 28.89% in year one, and rental yield is 11.44% on a $599,999 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 152.19% and total cumulative return in cash sums $300,431. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,720/mo property income rather than buyer’s personal income.

Single Family

Built in 1980

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Nestled in the serene landscape of Spicewood, Texas, the single-family residence at 20815 Colorado Dr. W offers a unique opportunity to own a piece of the Texas dream. Unrestricted .51 acres just ONE BLOCK off of Lake Travis, between mile 25 & 26, it offers stunning panoramic views from a wraparound porch, with each room showcasing spectacular scenery. Imagine waking up each morning, opening the French doors to serenity and a view of Lake Travis. The property features three generously sized bedrooms and a dedicated office with built-in shelves. The fully remodeled kitchen, ideal for entertaining, boasts a large island with plenty of seating for any occasion. It can be sold fully furnished, making it a turnkey Airbnb rental. The .51-acre lot includes charming amenities like a gazebo, hot tub, and a shed that could become the ultimate she or he shed. Already connected to utilities, its easy to turn it into your dream retreat. For pet owners, a dog run and enclosed area provide a worry-free space for your furry friends to enjoy the outdoors among the deer. This home offers so muchseeing it in person is the best way to truly appreciate its value. LOW HOA fee covers the shared boat dock, and neighborhood park, just a short walk down the street.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78669, Spicewood, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,541 (100%)
Owner Occupied HU	4,686 (71.6%)
Renter Occupied HU	637 ( 9.7%)
Vacant Housing Units	1,218 (18.6%)
Median Home Value	$759,615
Average Home Value	$852,653