1208 Coleto StAustinTX78702
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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 1208 Coleto St, Austin, TX, 78702 uses $111,053 cash to close to unlock $651/yr annual cash flow and $54/mo monthly cash flow. Total monthly income runs $2,599/mo, and a $1,640/mo payment keeps the spread at $54/mo. Purchase price stands at $335,000, and rental yield measures 9.31% with $2,599/mo rent. Return on cash invested shows 20.49% in year one, and 5% annual appreciation builds toward $92,554 over five years. Five-year ROI reaches 107.86% and total cumulative return in cash records $119,780. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,599/mo property income covering a $1,640/mo payment rather than investor’s personal income.
Single Family
Built in 1940
5,166 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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