1514 Parker Ln APT 107, Austin, TX, 78741 | $152/mo Cash Flow

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1514 Parker Ln APT 107, Austin, TX, 78741 | $152/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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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Investment Highlights

Rental property for sale in Austin at 1514 Parker Ln APT 107, Austin, TX, 78741 generates $1,567/mo in rent and, after a $974/mo payment, leaves $152/mo in cash flow. Total monthly income is $1,567/mo, and annual cash flow is $1,823/yr on $65,969 invested. Return on cash invested sits at 22.67% in year one, and rental yield is 9.45% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 118.87% and total cumulative return in cash sums $78,414. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,567/mo property income rather than buyer’s personal income.

Condo

Built in 1982

1,520 sqft lot

$N/A/sqft

No HOA

More details about the property

This fully remodeled, furnished 1-bedroom condo is just minutes from downtown Austin, offering a perfect blend of city convenience and peaceful retreat. Located in a private community off East Riverside, the home features new luxury vinyl flooring, a modern kitchen with custom quartz countertops, stainless steel appliances, and a beautifully renovated bathroom with a walk-in shower and frameless glass door. Enjoy plenty of natural light that makes the space feel larger than its square footage, and relax on your deck in the evenings. The condo is just under 3 miles from Downtown Austin, the University of Texas, St. Ed's, and Lady Bird Lake, with easy access to major employers like Oracle, as well as restaurants, food trucks, and HEB. Austin's new South Shore District and Boardwalk are less than 1 mile away, and public transportation options, including the UT Shuttle and Cap Metro bus stop, are nearby. This quiet, approx 20-unit complex offers lush landscaping, a pet station, and a spacious common grass area. Watch stunning sunsets over downtown from the second-floor balcony. The condo is wired for Google Fiber and includes a NEST thermostat and energy-efficient sliding doors. It can be sold fully furnished or tailored to your preference.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78741, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,212 (100%)
Owner Occupied HU	3,645 (12.5%)
Renter Occupied HU	22,859 (78.3%)
Vacant Housing Units	2,708 ( 9.3%)
Median Home Value	$457,851
Average Home Value	$511,431