234 Sunrise Ridge Cv #1901AustinTX78738
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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 Austin at 234 Sunrise Ridge Cv #1901, Austin, TX, 78738 generates $3,538/mo in rent, after a $2,937/mo payment. Total monthly income is $3,538/mo. Return on cash invested sits at 15.63% in year one, and rental yield is 7.08% on a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation builds toward $165,769 over five years. Five-year ROI reaches 81.07% and total cumulative return in cash sums $160,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,538/mo property income rather than buyer’s personal income.
Condo
Built in 2008
7,927 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78738, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,817 (100%) |
| Owner Occupied HU | 9,948 (72.0%) |
| Renter Occupied HU | 3,060 (22.1%) |
| Vacant Housing Units | 809 ( 5.9%) |
| Median Home Value | $863,930 |
| Average Home Value | $1,035,231 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
11,168
Multi-Family
2,074
Businesses
914
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