1601 East Slaughter Lane 123 Plan, River Ridge EstatesAustinTX78747
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 1601 East Slaughter Lane 123 Plan, River Ridge Estates, Austin, TX, 78747 in Austin: $2,293/mo in rent, $1,404/mo net, 22.02% gross yield, all on a $124,995 acquisition. The 4.08 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $34,534 in value, and $1,151/yr in principal paydown steadily builds equity. Projected total cumulative return: $138,245.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 22% | 4.5% |
| Monthly Cash Flow | $1,404 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,293 |
| Total Monthly Debt Service | $839 |
| DSCR Ratio | 2.73x |
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 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78747, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 6,486 (61.2%) |
| Renter Occupied HU | 3,573 (33.7%) |
| Vacant Housing Units | 535 ( 5.1%) |
| Median Home Value | $480,624 |
| Average Home Value | $535,946 |
Housing Distribution
Address Breakdown
Residential
10,942
Single Family
8,374
Multi-Family
2,568
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78747, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,594 (100%) |
| Owner Occupied HU | 6,486 (61.2%) |
| Renter Occupied HU | 3,573 (33.7%) |
| Vacant Housing Units | 535 ( 5.1%) |
| Median Home Value | $480,624 |
| Average Home Value | $535,946 |
Housing Distribution
Address Breakdown
Residential
10,942
Single Family
8,374
Multi-Family
2,568
Businesses
171
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices