1201 Grove Blvd APT 702AustinTX78741
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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 702, Austin, TX, 78741 uses $86,190 cash to close to unlock $2,528/yr annual cash flow and $211/mo monthly cash flow. Total monthly income runs $2,060/mo, and a $1,273/mo payment keeps the spread at $211/mo. Purchase price stands at $260,000, and rental yield measures 9.51% with $2,060/mo rent. Return on cash invested shows 22.84% in year one, and 5% annual appreciation builds toward $71,833 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash records $103,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,060/mo property income covering a $1,273/mo payment rather than investor’s personal income.
Condo
Built in 2005
3,049 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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