103 Cartwheel Bnd #51AustinTX78738
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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
Investment property for sale in Austin at 103 Cartwheel Bnd #51, Austin, TX, 78738 uses $197,071 cash to close to unlock $5,631/yr annual cash flow and $469/mo monthly cash flow. Total monthly income runs $4,729/mo, and a $2,932/mo payment keeps the spread at $469/mo. Purchase price stands at $599,000, and rental yield measures 9.47% with $4,729/mo rent. Return on cash invested shows 22.92% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 120.18% and total cumulative return in cash records $236,842. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,729/mo property income covering a $2,932/mo payment rather than investor’s personal income.
Condo
Built in 2023
8,494 sqft 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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