818 Harris AveAustinTX78705
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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 818 Harris Ave, Austin, TX, 78705 offers $4,600/mo rent that, after a $5,285/mo payment. Total monthly income is $4,600/mo. Return on cash invested measures 9.81% in year one, and rental yield stands at 5.11% at a $1,079,700 entry. Equity gained on principal adds $6,967/yr while 5% annual appreciation compounds into $298,301 by year five. Five-year ROI records 49.83% and total cumulative return in cash reaches $174,318. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,600/mo property income versus a $5,285/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78705, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,526 (100%) |
| Owner Occupied HU | 1,265 ( 8.1%) |
| Renter Occupied HU | 12,438 (80.1%) |
| Vacant Housing Units | 1,823 (11.7%) |
| Median Home Value | $659,871 |
| Average Home Value | $784,458 |
Housing Distribution
Address Breakdown
Residential
13,291
Single Family
3,438
Multi-Family
9,853
Businesses
953
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