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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Austin at 3401 Reims Ct, Austin, TX, 78738 priced at $749,000 converts $11,200/mo rent into $5,647/mo cash flow after a $3,666/mo obligation. Total monthly income equals $11,200/mo, and annual cash flow totals $67,770/yr on $246,421 invested. Return on cash invested prints 47.56% in year one, and rental yield reads 17.94% against a $749,000 entry. Equity gained on principal adds $4,833/yr, while 5% annual appreciation compiles into $206,935 by year five. Five-year ROI reaches 252.72% and total cumulative return in cash sums $622,756. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $11,200/mo property income covering a $3,666/mo payment, not borrower’s personal income.
Single Family
Built in 1997
9,491 sqft lot
$N/A/sqft
$175 quarterly HOA
Neighborhood data shown for ZIP Code: 78738, Austin, TX area.
| 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 |
Residential
13,242
Single Family
11,168
Multi-Family
2,074
Businesses
914
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Listed for sale | $749,000 |
| 2024-04-05 | Sold | N/A |
| 2021-12-05 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-08-30 | N/A | N/A | $750,453 | -3.06% |
| 2022-08-30 | $14449.25 | N/A | $774,143 | 61.11% |
| 2021-08-30 | N/A | N/A | $480,500 | 13.10% |
Listed by: John Spillar • John Spillar, Broker
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #1117521
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-08-30 07:11:34 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)
