2002 E 7th St APT 217AustinTX78702
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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
Investment property for sale in Austin at 2002 E 7th St APT 217, Austin, TX, 78702 offers a 7.08% rental yield on a $499,800 purchase with $2,947/mo rent. 38% in year one. Equity gained on principal adds $3,225/yr while 5% annual appreciation supports $138,086 over five years. Portfolio math shows five-year ROI at 74.81% and total cumulative return in cash at $123,953. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,947/mo property income against a $2,446/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2017
967 sqft lot
$N/A/sqft
$157 monthly 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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