1201 Grove Blvd APT 1604AustinTX78741
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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 1201 Grove Blvd APT 1604, Austin, TX, 78741 earns $312/mo cash flow from $1,877/mo rent with a $1,077/mo payment. Total monthly income totals $1,877/mo, and annual cash flow totals $3,748/yr on $72,930 capital. ROI tracks 25.05% on current figures, and rental yield reads 10.24% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 131.66% and total cumulative return in cash sums $96,023. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,877/mo property income instead of your personal income.
Condo
Built in 2005
2,003 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 3,645 (12.5%) |
| Renter Occupied HU | 22,859 (78.3%) |
| Vacant Housing Units | 2,708 ( 9.3%) |
| Median Home Value | $457,851 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
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