707 Highland AveAustinTX78703
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 707 Highland Ave, Austin, TX, 78703 generates $1,758/mo in rent, after a $6,847/mo payment. Total monthly income is $1,758/mo. Return on cash invested sits at -1.31% in year one, and rental yield is 1.51% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,758/mo property income rather than buyer’s personal income.
Multi Family
Built in 1930
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78703, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 5,534 (51.8%) |
| Renter Occupied HU | 4,210 (39.4%) |
| Vacant Housing Units | 936 ( 8.8%) |
| Median Home Value | $1,408,910 |
| Average Home Value | $1,473,709 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
7,163
Multi-Family
4,445
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices