3111 Tom Green St APT 303, Austin, TX, 78705 | $397/mo Cash Flow

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3111 Tom Green St APT 303, Austin, TX, 78705 | $397/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Austin at 3111 Tom Green St APT 303, Austin, TX, 78705 uses $96,135 cash to close to unlock $4,766/yr annual cash flow and $397/mo monthly cash flow. Total monthly income runs $2,459/mo, and a $1,419/mo payment keeps the spread at $397/mo. Purchase price stands at $290,000, and rental yield measures 10.18% with $2,459/mo rent. Return on cash invested shows 24.87% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 130.67% and total cumulative return in cash records $125,620. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,459/mo property income covering a $1,419/mo payment rather than investor’s personal income.

Condo

Built in 1983

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy the ideal blend of comfort and convenience in this well-appointed 2-bedroom, 2-bathroom condo located in a secure, gated community near the heart of campus life. Perfect for students and investors, this spacious unit offers two well-sized bedrooms, each with its own walk-in closet for ample storage. A private balconycomplete with an additional storage closetprovides a relaxing space to unwind during peaceful Texas evenings. The inviting living area features a cozy fireplace, built-in shelving, and an open dining space, creating a warm setting for everyday living or hosting friends. Situated in the highly sought-after North Campus area, this condo is less than a 10-minute walk to the University of Texas at Austin for effortless access to classes and campus amenities. Downtown Austin is also just minutes away, offering endless options for dining, entertainment, and culture. This Heritage Condos residence delivers comfort, convenience, and an unbeatable locationan excellent opportunity for enjoying the best of North Campus or securing a smart investment.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78705, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	15,526 (100%)
Owner Occupied HU	1,265 ( 8.1%)
Renter Occupied HU	12,438 (80.1%)
Vacant Housing Units	1,823 (11.7%)
Median Home Value	$659,871
Average Home Value	$784,458