Nova Plan, SkyridgeAustinTX78737
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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 Nova Plan, Skyridge, Austin, TX, 78737 priced at $698,990 pairs $7,313/mo rent with $2,343/mo cash flow after a $3,421/mo payment. Total monthly income equals $7,313/mo, and annual cash flow comes to $28,111/yr on $229,968 invested. Return on cash invested is 32.28% in year one, and rental yield stands at 12.55% on a $698,990 basis. Equity gained on principal adds $4,510/yr, and 5% annual appreciation accumulates to $193,118 by year five. Five-year ROI measures 170.39% and total cumulative return in cash reaches $391,847. For financing, Ziffy Mortgage’s DSCR program evaluates $7,313/mo property income against a $3,421/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78737, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,160 (100%) |
| Owner Occupied HU | 7,449 (81.3%) |
| Renter Occupied HU | 1,335 (14.6%) |
| Vacant Housing Units | 376 ( 4.1%) |
| Median Home Value | $721,648 |
| Average Home Value | $794,069 |
Housing Distribution
Address Breakdown
Residential
9,051
Single Family
7,880
Multi-Family
1,171
Businesses
414
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