15104 Mimebark WayAustinTX78724
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 15104 Mimebark Way, Austin, TX, 78724 in Austin deserves attention. This $246,000 property earns $2,340/mo in rent, a 11.41% gross yield, and nets $565/mo after the $1,166/mo payment. DSCR 2.01 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $67,965 compounds alongside $2,062/yr in yearly equity build, for a total cumulative return of $127,669.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 4.5% |
| Monthly Cash Flow | $565 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $1,711 |
| DSCR Ratio | 1.37x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78724, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,683 (100%) |
| Owner Occupied HU | 6,433 (55.1%) |
| Renter Occupied HU | 4,399 (37.7%) |
| Vacant Housing Units | 851 ( 7.3%) |
| Median Home Value | $382,453 |
| Average Home Value | $396,992 |
Housing Distribution
Address Breakdown
Residential
11,548
Single Family
8,921
Multi-Family
2,627
Businesses
264
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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
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