600 Emerald Ridge DrAustinTX78732
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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 Austin at 600 Emerald Ridge Dr, Austin, TX, 78732 priced at $1,387,000 converts $6,785/mo rent into after a $6,789/mo obligation. Total monthly income equals $6,785/mo. Return on cash invested prints 12.15% in year one, and rental yield reads 5.87% against a $1,387,000 entry. Equity gained on principal adds $8,950/yr, while 5% annual appreciation compiles into $383,203 by year five. Five-year ROI reaches 62.37% and total cumulative return in cash sums $280,290. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $6,785/mo property income covering a $6,789/mo payment, not borrower’s personal income.
Single Family
Built in 2012
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78732, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,811 (100%) |
| Owner Occupied HU | 4,680 (68.7%) |
| Renter Occupied HU | 1,749 (25.7%) |
| Vacant Housing Units | 382 ( 5.6%) |
| Median Home Value | $800,474 |
| Average Home Value | $917,193 |
Housing Distribution
Address Breakdown
Residential
6,720
Single Family
5,482
Multi-Family
1,238
Businesses
171
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