809 Luke LnLeanderTX78641
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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 Leander at 809 Luke Ln, Leander, TX, 78641 priced at $298,000 pairs $2,324/mo rent with $204/mo cash flow after a $1,459/mo payment. Total monthly income equals $2,324/mo, and annual cash flow comes to $2,453/yr on $98,787 invested. Return on cash invested is 22.39% in year one, and rental yield stands at 9.36% on a $298,000 basis. Equity gained on principal adds $1,923/yr, and 5% annual appreciation accumulates to $82,332 by year five. Five-year ROI measures 117.4% and total cumulative return in cash reaches $115,976. For financing, Ziffy Mortgage’s DSCR program evaluates $2,324/mo property income against a $1,459/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
5,706 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78641, Leander, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,715 (100%) |
| Owner Occupied HU | 32,207 (70.5%) |
| Renter Occupied HU | 9,266 (20.3%) |
| Vacant Housing Units | 4,242 ( 9.3%) |
| Median Home Value | $526,820 |
| Average Home Value | $606,525 |
Housing Distribution
Address Breakdown
Residential
41,837
Single Family
37,816
Multi-Family
4,021
Businesses
1,109
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