703 Herndon LnAustinTX78704
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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 703 Herndon Ln, Austin, TX, 78704 offers $1,696/mo rent that, after a $2,367/mo payment. Total monthly income is $1,696/mo. Return on cash invested measures 4.79% in year one, and rental yield stands at 4.21% at a $483,600 entry. Equity gained on principal adds $3,121/yr while 5% annual appreciation compounds into $133,610 by year five. Five-year ROI records 23.74% and total cumulative return in cash reaches $38,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,696/mo property income versus a $2,367/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
7,108 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78704, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,219 (100%) |
| Owner Occupied HU | 9,122 (31.2%) |
| Renter Occupied HU | 17,764 (60.8%) |
| Vacant Housing Units | 2,333 ( 8.0%) |
| Median Home Value | $905,722 |
| Average Home Value | $1,042,481 |
Housing Distribution
Address Breakdown
Residential
29,656
Single Family
14,285
Multi-Family
15,371
Businesses
2,599
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