1610 Waterston Ave APT 3AustinTX78703
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 1610 Waterston Ave APT 3, Austin, TX, 78703 in Austin achieves 1.71, rent of $2,994/mo covers the $1,752/mo payment 1.5x over at $389,650. Rental yield 9.22%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $107,653 over five years, with $3,589/yr in principal reduction bringing total projected return to $145,423.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 4.5% |
| Monthly Cash Flow | $(82) | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,994 |
| Total Monthly Debt Service | $2,921 |
| DSCR Ratio | 1.03x |
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.
Condo
Built in 1982
N/A lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78703, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 5,534 (51.8%) |
| Renter Occupied HU | 4,210 (39.4%) |
| Vacant Housing Units | 936 ( 8.8%) |
| Median Home Value | $1,408,910 |
| Average Home Value | $1,473,709 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
7,163
Multi-Family
4,445
Businesses
1,192
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
Condo
Built in 1982
N/A lot
$N/A/sqft
$305 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78703, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 5,534 (51.8%) |
| Renter Occupied HU | 4,210 (39.4%) |
| Vacant Housing Units | 936 ( 8.8%) |
| Median Home Value | $1,408,910 |
| Average Home Value | $1,473,709 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
7,163
Multi-Family
4,445
Businesses
1,192
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices