23393 Nameless Rd APT 156LeanderTX78641
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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
Investment property for sale in Leander at 23393 Nameless Rd APT 156, Leander, TX, 78641 uses $49,394 cash to close to unlock $1,425/yr annual cash flow and $119/mo monthly cash flow. Total monthly income runs $1,178/mo, and a $729/mo payment keeps the spread at $119/mo. Purchase price stands at $149,000, and rental yield measures 9.49% with $1,178/mo rent. Return on cash invested shows 22.79% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 119.54% and total cumulative return in cash records $59,044. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,178/mo property income covering a $729/mo payment rather than investor’s personal income.
Condo
Built in 1985
0.40 Acres 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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