6311 Rusty Ridge DrAustinTX78731
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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 6311 Rusty Ridge Dr, Austin, TX, 78731 generates $4,794/mo in rent, after a $7,024/mo payment. Total monthly income is $4,794/mo. Return on cash invested sits at 6.4% in year one, and rental yield is 4.01% on a $1,435,000 entry. Equity gained on principal adds $9,260/yr, while 5% annual appreciation builds toward $396,464 over five years. Five-year ROI reaches 31.57% and total cumulative return in cash sums $146,776. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1986
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78731, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,491 (100%) |
| Owner Occupied HU | 7,716 (53.2%) |
| Renter Occupied HU | 5,868 (40.5%) |
| Vacant Housing Units | 907 ( 6.3%) |
| Median Home Value | $921,510 |
| Average Home Value | $1,035,055 |
Housing Distribution
Address Breakdown
Residential
13,922
Single Family
8,632
Multi-Family
5,290
Businesses
1,259
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