2320 Gracy Farms Ln APT 434, Austin, TX, 78758 | 8.21% Rental Yield

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2320 Gracy Farms Ln APT 434, Austin, TX, 78758 | 8.21% Rental Yield | Ziffy

For Sale

Motivated Seller

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Austin at 2320 Gracy Farms Ln APT 434, Austin, TX, 78758 earns from $1,951/mo rent with a $1,395/mo payment. Total monthly income totals $1,951/mo. ROI tracks 18.95% on current figures, and rental yield reads 8.21% at a $285,000 purchase. Equity gained on principal adds $1,839/yr, and 5% annual appreciation supports $78,740 over five years. Five-year ROI reaches 98.93% and total cumulative return in cash sums $93,462. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,951/mo property income instead of your personal income.

Condo

Built in 2002

3,820 sqft lot

$N/A/sqft

No HOA

More details about the property

SELLER FINANCING AVAILABLE!! This beautifully updated home boasts an extensive list of just-completed renovations, offering a fresh and modern living space. Key improvements include: - **Kitchen & Bathroom Overhaul**: Brand-new cabinet and drawer fronts with updated hardware, plus stunning Quartz countertops in both the kitchen and bathrooms. - **Updated Bathroom Features**: New mirrors, updated bathtubs, and a sleek standing shower with a sliding glass door in the primary bathroom. - **Modern Appliances**: Enjoy the convenience of brand-new kitchen appliances, including a refrigerator, stove, microwave, and dishwasher. - **New Flooring**: All-new vinyl plank flooring throughout the condo for durability and a contemporary feel. - **Stylish Finishes**: Replaced door knobs, stops, and bathroom hardware, plus fresh paint on walls, doors, trim, and ceilings. - **New Window Blinds**: Brand-new window blinds throughout the home for added privacy and style. - **Upgraded Toilets**: Both bathrooms feature newly replaced toilets for enhanced comfort. - **New HVAC System**: Installed in 2020 for optimal heating and cooling efficiency. Stoneleigh Condominiums offers Residents the security of a gated entrance, along with access to a community pool, clubhouse with kitchen and fireplace, billiard room, and fitness center. The property backs up to Walnut Creek, providing scenic views and miles of walking trails. Within a 3-mile radius, youll find prime locations like the Domain, Walnut Creek Park, Austin FC Stadium, major employers, HEB, St. David's Hospital, Top Golf, and numerous dining options.

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