2529 Rio Grande St #63AustinTX78705
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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
Investment property for sale in Austin at 2529 Rio Grande St #63, Austin, TX, 78705 listed at $235,000 pairs $2,336/mo rent with a $1,150/mo payment to leave $665/mo cash flow. Total monthly income runs $2,336/mo, and annual cash flow reaches $7,981/yr on $77,903 cash to close. Return on cash invested measures 30.15% in year one, and rental yield registers 11.93% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 159.05% and total cumulative return in cash totals $123,904. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,336/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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