2529 Rio Grande St #63AustinTX78705
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2529 Rio Grande St #63, Austin, TX, 78705 in Austin hard to pass up. The 11.93% gross yield on a $235,000 purchase results in $2,336/mo in rent and $665/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.21). Annual cash flow of $7,983, five-year appreciation of $64,926, and $2,164/yr in equity build-up combine for a projected total cumulative return of $132,872.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.9% | 4.5% |
| Monthly Cash Flow | $665 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,336 |
| Total Monthly Debt Service | $1,578 |
| DSCR Ratio | 1.48x |
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 1977
479.16 sqft lot
$N/A/sqft
No 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
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 1977
479.16 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices