1183 Oak Grove Ave #1AustinTX78702
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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 1183 Oak Grove Ave #1, Austin, TX, 78702 at $799,000 posts ROI 28.27% with $1,799/mo cash flow from $7,481/mo rent. Total monthly income equals $7,481/mo, and annual cash flow records $21,587/yr on $262,871 to close. Return on cash invested measures 28.27% and rental yield reads 11.24% at the current $799,000. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 by year five. Five-year ROI prints 148.87% and total cumulative return in cash totals $391,338.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $7,481/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2022
3,667 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78702, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,059 (100%) |
| Owner Occupied HU | 5,068 (29.7%) |
| Renter Occupied HU | 9,519 (55.8%) |
| Vacant Housing Units | 2,472 (14.5%) |
| Median Home Value | $763,118 |
| Average Home Value | $851,523 |
Housing Distribution
Address Breakdown
Residential
14,952
Single Family
8,554
Multi-Family
6,398
Businesses
1,386
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Listed by: Shoshone Sky • Compass RE Texas, LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #6762529
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-08-14 08:42:47 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](/info/mls-disclaimers/#mls_27)