2005 Teagle Dr #228CAustinTX78741
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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 2005 Teagle Dr #228C, Austin, TX, 78741 uses $109,992 cash to close to unlock $880/yr annual cash flow and $73/mo monthly cash flow. Total monthly income runs $2,646/mo, and a $1,624/mo payment keeps the spread at $73/mo. Purchase price stands at $331,800, and rental yield measures 9.57% with $2,646/mo rent. Return on cash invested shows 20.71% in year one, and 5% annual appreciation builds toward $91,670 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash records $120,120. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,646/mo property income covering a $1,624/mo payment rather than investor’s personal income.
Condo
Built in 2019
3,776 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
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