10616 Mellow Mdws APT 21CAustinTX78750
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe 11.55% yield at 10616 Mellow Mdws APT 21C, Austin, TX, 78750 in Austin is solid, but the $764/mo payment compresses net cash flow to $137/mo at $169,990. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $46,965 by year five, and $1,566/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (2.14) without U.S. income documentation. Total projected return: $75,296.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 4.5% |
| Monthly Cash Flow | $137 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,636 |
| Total Monthly Debt Service | $1,431 |
| DSCR Ratio | 1.14x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1990
N/A lot
$N/A/sqft
$290 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1990
N/A lot
$N/A/sqft
$290 monthly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arsh Khaira • Compass RE Texas, LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #7803486
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-07-10 15:01:42 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)