3003 Ray Wood Dr #2AustinTX78704
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 3003 Ray Wood Dr #2, Austin, TX, 78704 in Austin deserves attention. This $640,000 property earns $6,006/mo in rent, a 11.26% gross yield, and nets $1,455/mo after the $2,878/mo payment. DSCR 2.09 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $176,820 compounds alongside $5,894/yr in yearly equity build, for a total cumulative return of $338,883.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 4.5% |
| Monthly Cash Flow | $1,455 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $6,006 |
| Total Monthly Debt Service | $4,297 |
| DSCR Ratio | 1.40x |
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.
Single Family
Built in 2023
7,318 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
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
Single Family
Built in 2023
7,318 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices