4004 Banister Ln UNIT 309, Austin, TX, 78704 | 5.64% Rental Yield

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4004 Banister Ln UNIT 309, Austin, TX, 78704 | 5.64% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,691/mo, and a $1,762/mo payment. Purchase price stands at $360,000, and rental yield measures 5.64% with $1,691/mo rent. Return on cash invested shows 11.17% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 57.17% and total cumulative return in cash records $68,229. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,691/mo property income covering a $1,762/mo payment rather than investor’s personal income.

Condo

Built in 2024

0.96 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 4005 Banister Ln #309, a modern 1-bedroom, 1-bathroom condo in the highly desirable MESA community, located in the heart of Austins thriving 78704 zip code. With 675 square feet of well-designed interior space, this home offers the perfect blend of clean contemporary style, efficient layout, and premium amenities, ideal for today's buyer who values both form and function. Step inside to find quartz countertops, stainless steel appliances, custom cabinetry, and luxury vinyl plank flooring throughout. Natural light pours in through oversized windows, while floor-to-ceiling windows and a large commercial-grade glass door lead to your private balcony, creating an indoor-outdoor living experience in a lock-and-leave condo. Mesa residents enjoy access to resort-style amenities, including a sparkling pool, sun deck, covered parking, gated entry, and a dedicated dog runeverything you need for easy, low-maintenance living in the city. With walkability to South Lamar, South First, and SoCo, and just minutes to downtown Austin, this is a prime location for professionals, creatives, and anyone who wants to be at the center of it all. In todays buyer-friendly market, value and flexibility matter more than ever. Thats why this unit qualifies for zero down and no PMI financing through our preferred lender, making it an ideal option for first-time buyers or anyone looking to get into Austin real estate without sacrificing quality or location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78704, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,219 (100%)
Owner Occupied HU	9,122 (31.2%)
Renter Occupied HU	17,764 (60.8%)
Vacant Housing Units	2,333 ( 8.0%)
Median Home Value	$905,722
Average Home Value	$1,042,481