2216 Thornton Rd APT 221AustinTX78704
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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 2216 Thornton Rd APT 221, Austin, TX, 78704 listed at $472,600 pairs $3,185/mo rent with a $2,313/mo payment. Total monthly income runs $3,185/mo. Return on cash invested measures 15.37% in year one, and rental yield registers 8.09% at a $472,600 basis. Equity gained on principal adds $3,050/yr, and annual property appreciation at 5% supports $130,571 by year five. Five-year ROI tracks 80.88% and total cumulative return in cash totals $126,705. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,185/mo property income relative to a $2,313/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2004
3,092 sqft lot
$N/A/sqft
$417 monthly 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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