1507 Newning AveAustinTX78704
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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 1507 Newning Ave, Austin, TX, 78704 listed at $1,699,900 pairs $3,960/mo rent with a $8,320/mo payment. Total monthly income runs $3,960/mo. Return on cash invested measures 2.66% in year one, and rental yield registers 2.8% at a $1,699,900 basis. Equity gained on principal adds $10,969/yr, and annual property appreciation at 5% supports $469,651 by year five. Five-year ROI tracks 11.48% and total cumulative return in cash totals $63,252. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,960/mo property income relative to a $8,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1938
6,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78704, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,219 (100%) |
| Owner Occupied HU | 9,122 (31.2%) |
| Renter Occupied HU | 17,764 (60.8%) |
| Vacant Housing Units | 2,333 ( 8.0%) |
| Median Home Value | $905,722 |
| Average Home Value | $1,042,481 |
Housing Distribution
Address Breakdown
Residential
29,656
Single Family
14,285
Multi-Family
15,371
Businesses
2,599
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