7103 Howerington CirAustinTX78724
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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 7103 Howerington Cir, Austin, TX, 78724 priced at $284,500 converts $2,348/mo rent into $325/mo cash flow after a $1,392/mo obligation. Total monthly income equals $2,348/mo, and annual cash flow totals $3,904/yr on $94,312 invested. Return on cash invested prints 24.05% in year one, and rental yield reads 9.9% against a $284,500 entry. Equity gained on principal adds $1,836/yr, while 5% annual appreciation compiles into $78,602 by year five. Five-year ROI reaches 126.26% and total cumulative return in cash sums $119,081. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,348/mo property income covering a $1,392/mo payment, not borrower’s personal income.
Single Family
Built in 1976
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78724, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,683 (100%) |
| Owner Occupied HU | 6,433 (55.1%) |
| Renter Occupied HU | 4,399 (37.7%) |
| Vacant Housing Units | 851 ( 7.3%) |
| Median Home Value | $382,453 |
| Average Home Value | $396,992 |
Housing Distribution
Address Breakdown
Residential
11,548
Single Family
8,921
Multi-Family
2,627
Businesses
264
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