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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% |
Investment property for sale in Austin at 2312 Devonshire Dr, Austin, TX, 78723 listed at $385,000 pairs $3,114/mo rent with a $1,884/mo payment to leave $268/mo cash flow. Total monthly income runs $3,114/mo, and annual cash flow reaches $3,222/yr on $127,628 cash to close. Return on cash invested measures 22.43% in year one, and rental yield registers 9.71% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 117.97% and total cumulative return in cash totals $150,562. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,114/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1958
8,430 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78723, Austin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 19,451 (100%) |
| Owner Occupied HU | 7,934 (40.8%) |
| Renter Occupied HU | 9,200 (47.3%) |
| Vacant Housing Units | 2,317 (11.9%) |
| Median Home Value | $616,039 |
| Average Home Value | $676,187 |
Residential
16,431
Single Family
10,089
Multi-Family
6,342
Businesses
781
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $385,000 |
| 2019-06-02 | Listing removed | $1,450 |
| 2019-05-24 | Listed for rent | $1,450 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-31 | $7688.17 | 6.13% | $387,936 | -3.11% |
| 2023-03-31 | $7243.98 | -20.29% | $400,386 | -16.65% |
| 2022-03-31 | $9088.48 | N/A | $480,340 | 40.94% |
Listed by: Randy Schmidt • Howard Schmidt Real Estate
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #6671213
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-03-31 08:39:21 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](/mls-disclaimers/#27)
