8508 Grandview Dr, Jonestown, TX, 78645 | 4.56% Rental Yield

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8508 Grandview Dr, Jonestown, TX, 78645 | 4.56% Rental Yield | Ziffy

For Sale

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

Total monthly income runs $2,640/mo, and a $3,402/mo payment. Purchase price stands at $695,000, and rental yield measures 4.56% with $2,640/mo rent. Return on cash invested shows 7.98% in year one, and 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 40.04% and total cumulative return in cash records $91,554. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,640/mo property income covering a $3,402/mo payment rather than investor’s personal income.

Single Family

Built in 1975

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Lake Views, Room to Roam, and a Lifestyle Youll Love in Jonestown Welcome to your Hill Country escape in the heart of Jonestowna laid-back lake town just west of Austin, where neighbors feel more like family and your weekends start the moment you pull into the driveway. Set on a generous 1/2+ acre lot, this 3-bedroom, 3-bathroom two-story home offers the best of outdoor living with stunning views of Lake Travis from the front balcony and private access to miles of greenbelt trails right across the streetleading you all the way to the lake. Its the perfect setup for morning hikes, sunset strolls, or weekend adventures with your dogs and kids. Inside, the home blends comfort and opportunity. Its been nicely updated with thoughtful improvements, while still leaving plenty of potential for personal touches. Whether youre dreaming of a chefs kitchen, a spa-like bath, or a cozy modern retreat, the bones are solid and the canvas is ready. And while the house is incredible, the real magic here is the community. This is the kind of neighborhood where people wave when they pass by, bring extra chairs to the bonfire, and make Fourth of July fireworks feel like a Hallmark movie. If you're looking for connection, nature, and just the right amount of lake-town freedom, you've found your spot.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78645, Leander, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,635 (100%)
Owner Occupied HU	6,007 (69.6%)
Renter Occupied HU	944 (10.9%)
Vacant Housing Units	1,684 (19.5%)
Median Home Value	$614,329
Average Home Value	$720,474