








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 3840 Far West Blvd APT 216, Austin, TX, 78731 listed at $299,000 pairs $1,536/mo rent with a $1,463/mo payment. Total monthly income runs $1,536/mo. Return on cash invested measures 8.83% in year one, and rental yield registers 6.16% at a $299,000 basis. Equity gained on principal adds $1,929/yr, and annual property appreciation at 5% supports $82,608 by year five. Five-year ROI tracks 46.12% and total cumulative return in cash totals $45,718. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,536/mo property income relative to a $1,463/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1982
1,263 sqft lot
$N/A/sqft
$325 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 |
|---|---|---|
| 2025-02-07 | Listing removed | $1,395 |
| 2025-02-03 | Listed for rent | $1,395 |
| 2024-06-13 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2021-02-12 | N/A | N/A | $199,327 | 3.26% |
| 2020-02-12 | $3933.07 | N/A | $193,031 | 13.21% |
| 2019-02-12 | N/A | N/A | $170,511 | 2.13% |



Listed by: Chesney Coker • Tower Realty Austin
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #1385430
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-02-12 09:24:22 PST. 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)