2320 Gracy Farms Ln APT 1024AustinTX78758
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeWhen a property's DSCR clears 1.5x, lenders and investors both pay attention. 2320 Gracy Farms Ln APT 1024, Austin, TX, 78758 in Austin achieves a 1.63 ratio at $189,700: $1,392/mo rent versus $853/mo debt service. Rental yield 8.81%. Ziffy Mortgage's no-W2 DSCR loan is purpose-built for assets like this. The 8.81% yield compounds alongside 5% annual appreciation projecting $52,411 in value. Total projected cumulative return: $53,641.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 4.5% |
| Monthly Cash Flow | $(321) | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,392 |
| Total Monthly Debt Service | $1,638 |
| 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.
Apartment
Built in 2002
3,820 sqft lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78758, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,558 (100%) |
| Owner Occupied HU | 5,587 (19.6%) |
| Renter Occupied HU | 19,634 (68.8%) |
| Vacant Housing Units | 3,337 (11.7%) |
| Median Home Value | $483,369 |
| Average Home Value | $543,039 |
Housing Distribution
Address Breakdown
Residential
25,028
Single Family
9,652
Multi-Family
15,376
Businesses
2,203
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
Apartment
Built in 2002
3,820 sqft lot
$N/A/sqft
$290 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78758, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 28,558 (100%) |
| Owner Occupied HU | 5,587 (19.6%) |
| Renter Occupied HU | 19,634 (68.8%) |
| Vacant Housing Units | 3,337 (11.7%) |
| Median Home Value | $483,369 |
| Average Home Value | $543,039 |
Housing Distribution
Address Breakdown
Residential
25,028
Single Family
9,652
Multi-Family
15,376
Businesses
2,203
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices