2240 Devine Lake BndLeanderTX78641
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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
Investment Highlights
Rental property for sale in Leander at 2240 Devine Lake Bnd, Leander, TX, 78641 priced at $399,300 converts $3,098/mo rent into $259/mo cash flow after a $1,954/mo obligation. Total monthly income equals $3,098/mo, and annual cash flow totals $3,107/yr on $132,368 invested. Return on cash invested prints 22.26% in year one, and rental yield reads 9.31% against a $399,300 entry. Equity gained on principal adds $2,577/yr, while 5% annual appreciation compiles into $110,319 by year five. Five-year ROI reaches 116.63% and total cumulative return in cash sums $154,380. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,098/mo property income covering a $1,954/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78641, Leander, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,715 (100%) |
| Owner Occupied HU | 32,207 (70.5%) |
| Renter Occupied HU | 9,266 (20.3%) |
| Vacant Housing Units | 4,242 ( 9.3%) |
| Median Home Value | $526,820 |
| Average Home Value | $606,525 |
Housing Distribution
Address Breakdown
Residential
41,837
Single Family
37,816
Multi-Family
4,021
Businesses
1,109
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