321 Sweet Grass LnLakewayTX78738
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lakeway at 321 Sweet Grass Ln, Lakeway, TX, 78738 priced at $1,099,000 converts $4,066/mo rent into after a $5,379/mo obligation. Total monthly income equals $4,066/mo. Return on cash invested prints 7.74% in year one, and rental yield reads 4.44% against a $1,099,000 entry. Equity gained on principal adds $7,092/yr, while 5% annual appreciation compiles into $303,633 by year five. Five-year ROI reaches 38.7% and total cumulative return in cash sums $137,790. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,066/mo property income covering a $5,379/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.39 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices