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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% |
Rental property for sale in Driftwood at 501 Limestone Ln, Driftwood, TX, 78619 priced at $600,000 converts $3,600/mo rent into after a $2,937/mo obligation. Total monthly income equals $3,600/mo. Return on cash invested prints 16.01% in year one, and rental yield reads 7.2% against a $600,000 entry. Equity gained on principal adds $3,872/yr, while 5% annual appreciation compiles into $165,769 by year five. Five-year ROI reaches 83.08% and total cumulative return in cash sums $164,004. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,600/mo property income covering a $2,937/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6.61 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78619, Driftwood, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,476 (100%) |
| Owner Occupied HU | 2,132 (86.1%) |
| Renter Occupied HU | 201 ( 8.1%) |
| Vacant Housing Units | 143 ( 5.8%) |
| Median Home Value | $830,838 |
| Average Home Value | $913,539 |
Residential
2,401
Single Family
2,401
Multi-Family
0
Businesses
150
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Alice Duffy • Keller Williams - Lake Travis
Mls Name: Unlock MLS
Mls ID: #2422573
