306 Water Oak DrCedar ParkTX78613
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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 Cedar Park at 306 Water Oak Dr, Cedar Park, TX, 78613 offers $3,601/mo rent that, after a $3,425/mo payment. Total monthly income is $3,601/mo. Return on cash invested measures 12.73% in year one, and rental yield stands at 6.17% at a $699,800 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,342 by year five. Five-year ROI records 65.56% and total cumulative return in cash reaches $150,937. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,601/mo property income versus a $3,425/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
9,652 sqft lot
$N/A/sqft
$32 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78613, Cedar Park, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 35,575 (100%) |
| Owner Occupied HU | 20,757 (58.3%) |
| Renter Occupied HU | 13,356 (37.5%) |
| Vacant Housing Units | 1,462 ( 4.1%) |
| Median Home Value | $517,721 |
| Average Home Value | $581,975 |
Housing Distribution
Address Breakdown
Residential
34,447
Single Family
25,762
Multi-Family
8,685
Businesses
2,269
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