1124 Spur St, Austin, TX, 78721 | $254/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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1124 Spur St, Austin, TX, 78721 | $254/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Austin at 1124 Spur St, Austin, TX, 78721 uses $94,478 cash to close to unlock $3,051/yr annual cash flow and $254/mo monthly cash flow. Total monthly income runs $2,281/mo, and a $1,395/mo payment keeps the spread at $254/mo. Purchase price stands at $285,000, and rental yield measures 9.6% with $2,281/mo rent. Return on cash invested shows 23.14% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 121.39% and total cumulative return in cash records $114,690. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,281/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Single Family

Built in 1955

6,555 sqft lot

$N/A/sqft

No HOA

More details about the property

Renovation project desirable location close to downtown. Owner is motivated to sell.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78721, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,473 (100%)
Owner Occupied HU	2,507 (38.7%)
Renter Occupied HU	2,868 (44.3%)
Vacant Housing Units	1,098 (17.0%)
Median Home Value	$603,149
Average Home Value	$714,128