803 Vargas Rd, Austin, TX, 78741 | $83/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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803 Vargas Rd, Austin, TX, 78741 | $83/mo Cash Flow | Ziffy

For Sale

Listed for sale 1 day ago

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

Rental property for sale in Austin at 803 Vargas Rd, Austin, TX, 78741 priced at $199,900 pairs $1,504/mo rent with $83/mo cash flow after a $978/mo payment. Total monthly income equals $1,504/mo, and annual cash flow comes to $995/yr on $66,267 invested. Return on cash invested is 21.41% in year one, and rental yield stands at 9.03% on a $199,900 basis. Equity gained on principal adds $1,290/yr, and 5% annual appreciation accumulates to $55,229 by year five. Five-year ROI measures 112.11% and total cumulative return in cash reaches $74,293. For financing, Ziffy Mortgage’s DSCR program evaluates $1,504/mo property income against a $978/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in N/A

8,463 sqft lot

$N/A/sqft

No HOA

More details about the property

Outstanding opportunity for investors and builders in the heart of East Austin. Situated on a 0.15-acre lot zoned SF-3, 803 Vargas Rd offers the flexibility to construct up to two unitsideal for a duplex, an A&B build, or a single-family residence with an ADU. The property currently includes only a carport and storage shed, providing a true blank canvas for new construction. With no existing home to remove, you can move straight into planning and designstreamlining your timeline and maximizing your return potential. Surrounded by steady redevelopment, new homes sales and rental rates are confirming the strong demand and value growth within this thriving 78741 pocket. The location offers quick access to Downtown Austin, major highways, and Austin-Bergstrom International Airport, while nearby Lady Bird Lake and Roy G. Guerrero Park deliver trails, green space, and outdoor recreation just minutes away. Buyer to confirm city building guidelines, tax rates, and school information. Also listed as land sale mls ID:6032606

Neighborhood Data

Neighborhood data shown for ZIP Code: 78741, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,212 (100%)
Owner Occupied HU	3,645 (12.5%)
Renter Occupied HU	22,859 (78.3%)
Vacant Housing Units	2,708 ( 9.3%)
Median Home Value	$457,851
Average Home Value	$511,431