3203 Lafayette AveAustinTX78722
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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 3203 Lafayette Ave, Austin, TX, 78722 generates $6,758/mo in rent and, after a $2,983/mo payment, leaves $2,261/mo in cash flow. Total monthly income is $6,758/mo, and annual cash flow is $27,126/yr on $200,510 invested. Return on cash invested sits at 33.59% in year one, and rental yield is 13.31% on a $609,453 entry. Equity gained on principal adds $3,933/yr, while 5% annual appreciation builds toward $168,381 over five years. Five-year ROI reaches 177.75% and total cumulative return in cash sums $356,404. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,758/mo property income rather than buyer’s personal income.
Apartment
Built in 1959
8,428 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78722, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,344 (100%) |
| Owner Occupied HU | 1,463 (33.7%) |
| Renter Occupied HU | 2,239 (51.5%) |
| Vacant Housing Units | 642 (14.8%) |
| Median Home Value | $727,708 |
| Average Home Value | $809,064 |
Housing Distribution
Address Breakdown
Residential
3,670
Single Family
2,686
Multi-Family
984
Businesses
182
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