603 Flamingo Blvd, Lakeway, TX, 78734 | 6.29% Rental Yield

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603 Flamingo Blvd, Lakeway, TX, 78734 | 6.29% 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

Investment property for sale in Lakeway at 603 Flamingo Blvd, Lakeway, TX, 78734 earns from $3,406/mo rent with a $3,181/mo payment. Total monthly income totals $3,406/mo. ROI tracks 13.24% on current figures, and rental yield reads 6.29% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 68.26% and total cumulative return in cash sums $145,982. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,406/mo property income instead of your personal income.

Single Family

Built in 1993

0.33 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 603 Flamingo Blvd! This lovely and spacious single-story 3 bedroom/2 bathroom home is situated on a beautiful, private 0.33-acre lot with mature landscaping, a front porch, a back patio, and a large, fenced backyard. The generously-sized home offers a huge primary suite, complete with an updated bathroom featuring double vanities, a soaking tub, and a walk-in shower. The living spaces offer plenty of space for everyone, and are excellent for entertaining. The large kitchen offers tons of counter and cabinet space, built-in appliances, granite countertops, and a pantry. Off the kitchen is an informal dining space, which overlooks the backyard and has access to the back patio, and connects to the living room. The home also offers a family room and formal dining space, in addition to a laundry room, two guest bedrooms, and a full guest bathroom. The home is conveniently located close to area amenities including Lake Travis, shopping, restaurants, recreational activities, and zoned schools. Don't miss the opportunity to call 603 Flamingo Blvd home!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78734, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,565 (100%)
Owner Occupied HU	7,586 (71.8%)
Renter Occupied HU	1,989 (18.8%)
Vacant Housing Units	990 ( 9.4%)
Median Home Value	$770,107
Average Home Value	$947,171