1301 Cometa St #AAustinTX78721
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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 Cometa St #A, Austin, TX, 78721 offers a 7.64% rental yield on a $539,000 purchase with $3,431/mo rent. 34% in year one. Equity gained on principal adds $3,478/yr while 5% annual appreciation supports $148,916 over five years. Portfolio math shows five-year ROI at 90.27% and total cumulative return in cash at $160,080. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,431/mo property income against a $2,638/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
4,295 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78721, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,473 (100%) |
| Owner Occupied HU | 2,507 (38.7%) |
| Renter Occupied HU | 2,868 (44.3%) |
| Vacant Housing Units | 1,098 (17.0%) |
| Median Home Value | $603,149 |
| Average Home Value | $714,128 |
Housing Distribution
Address Breakdown
Residential
5,434
Single Family
3,949
Multi-Family
1,485
Businesses
322
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