301 West Ave APT 3108AustinTX78701
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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 301 West Ave APT 3108, Austin, TX, 78701 offers a 5.79% rental yield on a $989,000 purchase with $4,769/mo rent. 71% in year one. Equity gained on principal adds $6,382/yr while 5% annual appreciation supports $273,242 over five years. Portfolio math shows five-year ROI at 60.06% and total cumulative return in cash at $195,414. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,769/mo property income against a $4,841/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78701, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,111 (100%) |
| Owner Occupied HU | 2,924 (24.1%) |
| Renter Occupied HU | 7,078 (58.4%) |
| Vacant Housing Units | 2,109 (17.4%) |
| Median Home Value | $797,837 |
| Average Home Value | $948,485 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
1,663
Multi-Family
7,978
Businesses
2,428
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