1705 Chestnut Ave #AAustinTX78702
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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
Total monthly income runs $3,028/mo, and a $6,461/mo payment. Purchase price stands at $1,320,000, and rental yield measures 2.75% with $3,028/mo rent. Return on cash invested shows 2.53% in year one, and 5% annual appreciation builds toward $364,692 over five years. Five-year ROI reaches 10.77% and total cumulative return in cash records $46,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,028/mo property income covering a $6,461/mo payment rather than investor’s personal income.
Condo
Built in 2024
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78702, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,059 (100%) |
| Owner Occupied HU | 5,068 (29.7%) |
| Renter Occupied HU | 9,519 (55.8%) |
| Vacant Housing Units | 2,472 (14.5%) |
| Median Home Value | $763,118 |
| Average Home Value | $851,523 |
Housing Distribution
Address Breakdown
Residential
14,952
Single Family
8,554
Multi-Family
6,398
Businesses
1,386
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Listed by: Brindley Young • Brodsky Properties
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #9343534
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-10-18 12:26:38 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)