121 Cartwheel Bnd #42AustinTX78738
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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 121 Cartwheel Bnd #42, Austin, TX, 78738 offers a 8.97% rental yield on a $584,900 purchase with $4,373/mo rent. 17% in year one. Equity gained on principal adds $3,774/yr while 5% annual appreciation supports $161,597 over five years. Portfolio math shows five-year ROI at 100.88% and total cumulative return in cash at $194,123. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,373/mo property income against a $2,863/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
8,502 sqft lot
$N/A/sqft
$356 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78738, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,817 (100%) |
| Owner Occupied HU | 9,948 (72.0%) |
| Renter Occupied HU | 3,060 (22.1%) |
| Vacant Housing Units | 809 ( 5.9%) |
| Median Home Value | $863,930 |
| Average Home Value | $1,035,231 |
Housing Distribution
Address Breakdown
Residential
13,242
Single Family
11,168
Multi-Family
2,074
Businesses
914
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