2822 Wooldridge Dr #BAustinTX78703
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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
Rental property for sale in Austin at 2822 Wooldridge Dr #B, Austin, TX, 78703 generates $5,504/mo in rent, after a $4,673/mo payment. Total monthly income is $5,504/mo. Return on cash invested sits at 15.15% in year one, and rental yield is 6.92% on a $954,800 entry. Equity gained on principal adds $6,161/yr, while 5% annual appreciation builds toward $263,794 over five years. Five-year ROI reaches 78.51% and total cumulative return in cash sums $246,609. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,504/mo property income rather than buyer’s personal income.
Condo
Built in 2012
3,354 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78703, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 5,534 (51.8%) |
| Renter Occupied HU | 4,210 (39.4%) |
| Vacant Housing Units | 936 ( 8.8%) |
| Median Home Value | $1,408,910 |
| Average Home Value | $1,473,709 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
7,163
Multi-Family
4,445
Businesses
1,192
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