2320 Gracy Farms Ln APT 1434AustinTX78758
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis is a cash-flow-light asset: 2320 Gracy Farms Ln APT 1434, Austin, TX, 78758 in Austin, $219,000, 11.29% gross yield, $118/mo net income. Consider it a market-entry position, the $2,060/mo rent covers the $985/mo payment with a margin, and 5%/yr appreciation is projected to add $60,506 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 2.09) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $116,278.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 4.5% |
| Monthly Cash Flow | $118 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,060 |
| Total Monthly Debt Service | $1,470 |
| DSCR Ratio | 1.40x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2002
3,820 sqft lot
$N/A/sqft
No 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
Condo
Built in 2002
3,820 sqft lot
$N/A/sqft
No 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