1301 Chicon St UNIT 302AustinTX78702
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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 1301 Chicon St UNIT 302, Austin, TX, 78702 uses $58,576 cash to close to unlock $14,584/yr annual cash flow and $1,215/mo monthly cash flow. Total monthly income runs $2,472/mo, and a $865/mo payment keeps the spread at $1,215/mo. Purchase price stands at $176,700, and rental yield measures 16.79% with $2,472/mo rent. Return on cash invested shows 44.81% in year one, and 5% annual appreciation builds toward $48,819 over five years. Five-year ROI reaches 237.64% and total cumulative return in cash records $139,201. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,472/mo property income covering a $865/mo payment rather than investor’s personal income.
Condo
Built in 2018
784 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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