8507 Parkfield DrAustinTX78758
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 8507 Parkfield Dr, Austin, TX, 78758 offers $1,667/mo rent that, after a $2,077/mo payment. Total monthly income is $1,667/mo. Return on cash invested measures 8.39% in year one, and rental yield stands at 4.71% at a $424,320 entry. Equity gained on principal adds $2,738/yr while 5% annual appreciation compounds into $117,232 by year five. Five-year ROI records 42.28% and total cumulative return in cash reaches $59,467. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,667/mo property income versus a $2,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
8,772 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78758, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,558 (100%) |
| Owner Occupied HU | 5,587 (19.6%) |
| Renter Occupied HU | 19,634 (68.8%) |
| Vacant Housing Units | 3,337 (11.7%) |
| Median Home Value | $483,369 |
| Average Home Value | $543,039 |
Housing Distribution
Address Breakdown
Residential
25,028
Single Family
9,652
Multi-Family
15,376
Businesses
2,203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bob Hachtel • Record Realty
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #8453515
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-05-08 14:52:05 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)