2450 Wickersham Ln APT 105AustinTX78741
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2450 Wickersham Ln APT 105, Austin, TX, 78741 in Austin carries a 1.99 coverage ratio, rent of $1,972/mo is 1.99 times the $989/mo payment. Rental yield 10.75%. That margin gives both the investor and Ziffy Mortgage's DSCR underwriting a comfortable buffer at a $220,000 acquisition price. No U.S. credit or income documentation required. Five-year appreciation adds $60,782; total projected cumulative return: $80,210.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 4.5% |
| Monthly Cash Flow | $(99) | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,972 |
| Total Monthly Debt Service | $1,983 |
| DSCR Ratio | 0.99x |
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.
Condo
Built in 1985
3,097 sqft lot
$N/A/sqft
$506 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 3,645 (12.5%) |
| Renter Occupied HU | 22,859 (78.3%) |
| Vacant Housing Units | 2,708 ( 9.3%) |
| Median Home Value | $457,851 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
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 1985
3,097 sqft lot
$N/A/sqft
$506 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78741, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,212 (100%) |
| Owner Occupied HU | 3,645 (12.5%) |
| Renter Occupied HU | 22,859 (78.3%) |
| Vacant Housing Units | 2,708 ( 9.3%) |
| Median Home Value | $457,851 |
| Average Home Value | $511,431 |
Housing Distribution
Address Breakdown
Residential
25,937
Single Family
7,789
Multi-Family
18,148
Businesses
755
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices