9408 Bing Cherry LnAustinTX78750
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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 9408 Bing Cherry Ln, Austin, TX, 78750 generates $5,400/mo in rent, after a $5,771/mo payment. Total monthly income is $5,400/mo. Return on cash invested sits at 10.99% in year one, and rental yield is 5.5% on a $1,179,000 entry. Equity gained on principal adds $7,608/yr, while 5% annual appreciation builds toward $325,736 over five years. Five-year ROI reaches 56.18% and total cumulative return in cash sums $214,614. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,400/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78750, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,202 (100%) |
| Owner Occupied HU | 7,338 (60.1%) |
| Renter Occupied HU | 4,422 (36.2%) |
| Vacant Housing Units | 442 ( 3.6%) |
| Median Home Value | $630,506 |
| Average Home Value | $667,088 |
Housing Distribution
Address Breakdown
Residential
11,552
Single Family
8,452
Multi-Family
3,100
Businesses
887
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