2121 Congress Ave S #224AustinTX78704
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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
Rental property for sale in Austin at 2121 Congress Ave S #224, Austin, TX, 78704 generates $1,691/mo in rent, after a $2,994/mo payment. Total monthly income is $1,691/mo. Return on cash invested sits at 4.21% in year one, and rental yield is 3.32% on a $611,700 entry. Equity gained on principal adds $3,947/yr, while 5% annual appreciation builds toward $169,001 over five years. Five-year ROI reaches 19.83% and total cumulative return in cash sums $39,913. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,691/mo property income rather than buyer’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78704, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,219 (100%) |
| Owner Occupied HU | 9,122 (31.2%) |
| Renter Occupied HU | 17,764 (60.8%) |
| Vacant Housing Units | 2,333 ( 8.0%) |
| Median Home Value | $905,722 |
| Average Home Value | $1,042,481 |
Housing Distribution
Address Breakdown
Residential
29,656
Single Family
14,285
Multi-Family
15,371
Businesses
2,599
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