2706 Salado St APT 210AustinTX78705
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowTight but positive: 2706 Salado St APT 210, Austin, TX, 78705 in Austin at $284,900 earns $2,459/mo in rent and nets $183/mo after the $1,281/mo payment, a 10.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $78,713 over five years. Ziffy Mortgage underwrites this on a 1.92 DSCR without U.S. credit history. With $2,624/yr in principal paydown, total projected return reaches $137,066.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 4.5% |
| Monthly Cash Flow | $183 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,459 |
| Total Monthly Debt Service | $1,913 |
| DSCR Ratio | 1.29x |
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 1983
N/A 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 1983
N/A 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