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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% |
Investment property for sale in Austin at 3816 Ridgelea Dr #A, Austin, TX, 78731 offers a 6.08% rental yield on a $850,000 purchase with $4,307/mo rent. 7% in year one. Equity gained on principal adds $5,485/yr while 5% annual appreciation supports $234,839 over five years. Portfolio math shows five-year ROI at 55.35% and total cumulative return in cash at $154,798. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,307/mo property income against a $4,160/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
4,399 sqft lot
$N/A/sqft
$400 monthly HOA
Neighborhood data shown for ZIP Code: 78731, Austin, TX area.
| 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 |
Residential
13,922
Single Family
8,632
Multi-Family
5,290
Businesses
1,259
Date | Event | Price |
|---|---|---|
| 2025-07-08 | Listed for sale | $850,000 |
| 2025-06-12 | Listing removed | $850,000 |
| 2025-06-04 | Price change | $4,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-08 | $14626.61 | -2.32% | $738,041 | -10.82% |
| 2023-07-08 | $14973.81 | 11.11% | $827,627 | 21.28% |
| 2022-07-08 | $13476.60 | N/A | $682,386 | 11.96% |
Listed by: Elizabeth Adams • Urbanspace
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #3607849
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-07-08 11:54:39 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)
