2901 Oak Crest Ave #1AustinTX78704
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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 2901 Oak Crest Ave #1, Austin, TX, 78704 generates $6,522/mo in rent, after a $7,288/mo payment. Total monthly income is $6,522/mo. Return on cash invested sits at 10.25% in year one, and rental yield is 5.26% on a $1,489,000 entry. Equity gained on principal adds $9,608/yr, while 5% annual appreciation builds toward $411,383 over five years. Five-year ROI reaches 52.21% and total cumulative return in cash sums $251,894. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,522/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
9,713 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78704, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 29,219 (100%) |
| Owner Occupied HU | 9,122 (31.2%) |
| Renter Occupied HU | 17,764 (60.8%) |
| Vacant Housing Units | 2,333 ( 8.0%) |
| Median Home Value | $905,722 |
| Average Home Value | $1,042,481 |
Housing Distribution
Address Breakdown
Residential
29,656
Single Family
14,285
Multi-Family
15,371
Businesses
2,599
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Listed by: Matt Holm • Compass RE Texas, LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #5713489
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-10-23 06:38:38 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)