2502 Leon St APT 516AustinTX78705
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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
Total monthly income runs $3,341/mo, and a $2,152/mo payment. Purchase price stands at $439,600, and rental yield measures 9.12% with $3,341/mo rent. Return on cash invested shows 17.11% in year one, and 5% annual appreciation builds toward $121,453 over five years. Five-year ROI reaches 90.72% and total cumulative return in cash records $132,209. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,341/mo property income covering a $2,152/mo payment rather than investor’s personal income.
Condo
Built in 2017
505 sqft lot
$N/A/sqft
$407 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78705, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,526 (100%) |
| Owner Occupied HU | 1,265 ( 8.1%) |
| Renter Occupied HU | 12,438 (80.1%) |
| Vacant Housing Units | 1,823 (11.7%) |
| Median Home Value | $659,871 |
| Average Home Value | $784,458 |
Housing Distribution
Address Breakdown
Residential
13,291
Single Family
3,438
Multi-Family
9,853
Businesses
953
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