3404 American Dr APT 2208Lago VistaTX78645
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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
Total monthly income runs $1,744/mo, and a $1,219/mo payment. Purchase price stands at $249,000, and rental yield measures 8.4% with $1,744/mo rent. Return on cash invested shows 19.52% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 102.01% and total cumulative return in cash records $84,200. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,744/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Condo
Built in 1987
7,487 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78645, Leander, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,635 (100%) |
| Owner Occupied HU | 6,007 (69.6%) |
| Renter Occupied HU | 944 (10.9%) |
| Vacant Housing Units | 1,684 (19.5%) |
| Median Home Value | $614,329 |
| Average Home Value | $720,474 |
Housing Distribution
Address Breakdown
Residential
8,108
Single Family
8,037
Multi-Family
71
Businesses
488
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Listed by: Eric Holt • Venture Partners R.E.
Mls Name: Unlock MLS
Mls ID: #5783790