3207 Grooms St APT 1, Austin, TX, 78705 | $503/mo Cash Flow

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3207 Grooms St APT 1, Austin, TX, 78705 | $503/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 3207 Grooms St APT 1, Austin, TX, 78705 listed at $275,000 pairs $2,459/mo rent with a $1,346/mo payment to leave $503/mo cash flow. Total monthly income runs $2,459/mo, and annual cash flow reaches $6,041/yr on $91,163 cash to close. Return on cash invested measures 26.54% in year one, and rental yield registers 10.73% at a $275,000 basis. Equity gained on principal adds $1,775/yr, and annual property appreciation at 5% supports $75,977 by year five. Five-year ROI tracks 139.61% and total cumulative return in cash totals $127,271. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,459/mo property income relative to a $1,346/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 1982

1,785 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 3207 Grooms St, Unit 1 a well-maintained 2-bedroom, 2-bath condo located in the heart of Austins desirable North Campus neighborhood. Priced at $275,000, this home offers one of the best values in Central Austin. This ground-floor unit has been thoughtfully cared for and well maintained. Includes two off-street parking spaces. The floor plan is ideal for roommates, with each bedroom featuring its own bathroom for privacy. The kitchen and living areas flow naturally, making it a comfortable space to relax or entertain. All appliances conveyincluding the refrigerator, washer, and dryerso you can move in with ease. The quarterly association fees are reasonable and covers water, trash, and insurance, keeping expenses low and predictable. Whether youre an investor seeking strong rental demand, a parent looking for a convenient housing option for your Longhorn, or a buyer wanting to enjoy Central Austin living, this property checks every box. The location cannot be beatjust blocks from the University of Texas, with quick access to Hyde Park, Downtown, MetroRail, bus lines, H-E-B, and some of Austins best restaurants and coffee shops. Despite being close to everything, Grooms Street offers a quieter residential feel with tree-lined surroundings. Opportunities at this price point in North Campus are rare. Dont miss your chance to secure a low-maintenance condo in a prime Austin location. Schedule your showing today.

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