304 Sheraton AveAustinTX78745
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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 304 Sheraton Ave, Austin, TX, 78745 priced at $265,000 converts $2,202/mo rent into $318/mo cash flow after a $1,297/mo obligation. Total monthly income equals $2,202/mo, and annual cash flow totals $3,811/yr on $87,848 invested. Return on cash invested prints 24.25% in year one, and rental yield reads 9.97% against a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation compiles into $73,215 by year five. Five-year ROI reaches 127.33% and total cumulative return in cash sums $111,855. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,202/mo property income covering a $1,297/mo payment, not borrower’s personal income.
Single Family
Built in 1964
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78745, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 30,423 (100%) |
| Owner Occupied HU | 12,674 (41.7%) |
| Renter Occupied HU | 15,947 (52.4%) |
| Vacant Housing Units | 1,802 ( 5.9%) |
| Median Home Value | $533,609 |
| Average Home Value | $591,818 |
Housing Distribution
Address Breakdown
Residential
31,391
Single Family
20,135
Multi-Family
11,256
Businesses
1,728
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