10616 Mellow Mdws APT 3AAustinTX78750
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 10616 Mellow Mdws APT 3A, Austin, TX, 78750 in Austin at $179,000 earns $1,636/mo in rent and nets $73/mo after the $805/mo payment, a 10.96% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $49,454 over five years. Ziffy Mortgage underwrites this on a 2.03 DSCR without U.S. credit history. With $1,649/yr in principal paydown, total projected return reaches $91,995.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 4.5% |
| Monthly Cash Flow | $73 | $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 | $1,202 |
| DSCR Ratio | 1.36x |
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
1,350 sqft lot
$N/A/sqft
No 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
1,350 sqft lot
$N/A/sqft
No 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