3431 N Hills Dr APT 115AustinTX78731
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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 3431 N Hills Dr APT 115, Austin, TX, 78731 generates $1,698/mo in rent, after a $1,057/mo payment. Total monthly income is $1,698/mo. Return on cash invested sits at 13.14% in year one, and rental yield is 9.43% on a $216,000 entry. Equity gained on principal adds $1,394/yr, while 5% annual appreciation builds toward $59,677 over five years. Five-year ROI reaches 71.25% and total cumulative return in cash sums $51,015. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,698/mo property income rather than buyer’s personal income.
Condo
Built in 1968
1,794 sqft lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78731, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,491 (100%) |
| Owner Occupied HU | 7,716 (53.2%) |
| Renter Occupied HU | 5,868 (40.5%) |
| Vacant Housing Units | 907 ( 6.3%) |
| Median Home Value | $921,510 |
| Average Home Value | $1,035,055 |
Housing Distribution
Address Breakdown
Residential
13,922
Single Family
8,632
Multi-Family
5,290
Businesses
1,259
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Listed by: Sandra Alvarez • Coldwell Banker Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #4551910
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-06-15 08:41:46 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](/mls-disclaimers/#27)