581 Demarett DrLago VistaTX78645
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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 Lago Vista at 581 Demarett Dr, Lago Vista, TX, 78645 offers $2,010/mo rent that, after a $1,556/mo payment. Total monthly income is $2,010/mo. Return on cash invested measures 17.05% in year one, and rental yield stands at 7.58% at a $318,000 entry. Equity gained on principal adds $2,052/yr while 5% annual appreciation compounds into $87,858 by year five. Five-year ROI records 88.78% and total cumulative return in cash reaches $93,587. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,010/mo property income versus a $1,556/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2018
792.79 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78645, Leander, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,635 (100%) |
| Owner Occupied HU | 6,007 (69.6%) |
| Renter Occupied HU | 944 (10.9%) |
| Vacant Housing Units | 1,684 (19.5%) |
| Median Home Value | $614,329 |
| Average Home Value | $720,474 |
Housing Distribution
Address Breakdown
Residential
8,108
Single Family
8,037
Multi-Family
71
Businesses
488
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Listed by: Hannah Allen • Christie's Int'l Real Estate
Mls Name: Unlock MLS
Mls ID: #3748151