3101 Davis Ln APT 5303AustinTX78748
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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 3101 Davis Ln APT 5303, Austin, TX, 78748 uses $97,793 cash to close to unlock $4,681/yr annual cash flow and $390/mo monthly cash flow. Total monthly income runs $2,488/mo, and a $1,444/mo payment keeps the spread at $390/mo. Purchase price stands at $295,000, and rental yield measures 10.12% with $2,488/mo rent. Return on cash invested shows 24.7% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $126,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,488/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Condo
Built in 2010
10,502 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78748, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 26,666 (100%) |
| Owner Occupied HU | 13,804 (51.8%) |
| Renter Occupied HU | 11,383 (42.7%) |
| Vacant Housing Units | 1,479 ( 5.5%) |
| Median Home Value | $500,145 |
| Average Home Value | $569,497 |
Housing Distribution
Address Breakdown
Residential
25,080
Single Family
17,465
Multi-Family
7,615
Businesses
822
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