2104 Cullen Ave APT 202AustinTX78757
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingSteady, low-maintenance, and fundable: 2104 Cullen Ave APT 202, Austin, TX, 78757 in Austin at $215,000. Rental yield 6.84%. The 6.84% yield and 1.27 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $59,401 by year five, and $1,980/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $62,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 4.5% |
| Monthly Cash Flow | $(679) | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,225 |
| Total Monthly Debt Service | $1,443 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1984
1,446 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78757, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,043 (100%) |
| Owner Occupied HU | 6,139 (47.1%) |
| Renter Occupied HU | 5,539 (42.5%) |
| Vacant Housing Units | 1,365 (10.5%) |
| Median Home Value | $693,793 |
| Average Home Value | $774,919 |
Housing Distribution
Address Breakdown
Residential
11,553
Single Family
8,502
Multi-Family
3,051
Businesses
1,109
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 1984
1,446 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78757, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,043 (100%) |
| Owner Occupied HU | 6,139 (47.1%) |
| Renter Occupied HU | 5,539 (42.5%) |
| Vacant Housing Units | 1,365 (10.5%) |
| Median Home Value | $693,793 |
| Average Home Value | $774,919 |
Housing Distribution
Address Breakdown
Residential
11,553
Single Family
8,502
Multi-Family
3,051
Businesses
1,109
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices