







Nearby investment properties with comparable rents
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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
Investment property for sale in Austin at 118 World Of Tennis Sq, Austin, TX, 78738 listed at $359,000 pairs $3,538/mo rent with a $1,757/mo payment to leave $985/mo cash flow. Total monthly income runs $3,538/mo, and annual cash flow reaches $11,823/yr on $119,009 cash to close. Return on cash invested measures 29.84% in year one, and rental yield registers 11.83% at a $359,000 basis. Equity gained on principal adds $2,317/yr, and annual property appreciation at 5% supports $99,185 by year five. Five-year ROI tracks 157.36% and total cumulative return in cash totals $187,267. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,538/mo property income relative to a $1,757/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1971
8,755 sqft lot
$N/A/sqft
No HOA
More details about the property
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
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.



Facts & Features
General Information
- Type: Condo
- Year Built: 1971
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Parking Lot, Unassigned
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 8,755 sqft
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Mary Ann Grimes • Coldwell Banker Realty
Mls Name: Unlock MLS
Mls ID: #5523395