Morrison Plan, ProvenceAustinTX78738
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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 Morrison Plan, Provence, Austin, TX, 78738 priced at $602,990 converts $3,925/mo rent into after a $2,951/mo obligation. Total monthly income equals $3,925/mo. Return on cash invested prints 17.87% in year one, and rental yield reads 7.81% against a $602,990 entry. Equity gained on principal adds $3,891/yr, while 5% annual appreciation compiles into $166,595 by year five. Five-year ROI reaches 93.09% and total cumulative return in cash sums $184,670. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,925/mo property income covering a $2,951/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78738, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,817 (100%) |
| Owner Occupied HU | 9,948 (72.0%) |
| Renter Occupied HU | 3,060 (22.1%) |
| Vacant Housing Units | 809 ( 5.9%) |
| Median Home Value | $863,930 |
| Average Home Value | $1,035,231 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
11,168
Multi-Family
2,074
Businesses
914
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