3500 Santa Monica DrAustinTX78741
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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 3500 Santa Monica Dr, Austin, TX, 78741 generates $4,920/mo in rent and, after a $3,181/mo payment, leaves $298/mo in cash flow. Total monthly income is $4,920/mo, and annual cash flow is $3,578/yr on $213,850 invested. Return on cash invested sits at 21.73% in year one, and rental yield is 9.08% on a $650,000 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,583 over five years. Five-year ROI reaches 113.82% and total cumulative return in cash sums $243,410. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,920/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
8,816 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 3,645 (12.5%) |
| Renter Occupied HU | 22,859 (78.3%) |
| Vacant Housing Units | 2,708 ( 9.3%) |
| Median Home Value | $457,851 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
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