3208 Govalle Ave #2, Austin, TX, 78702 | 5.86% Rental Yield

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3208 Govalle Ave #2, Austin, TX, 78702 | 5.86% Rental Yield | Ziffy

For Sale

Rental Income

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

Rental property for sale in Austin at 3208 Govalle Ave #2, Austin, TX, 78702 generates $3,902/mo in rent, after a $3,911/mo payment. Total monthly income is $3,902/mo. Return on cash invested sits at 11.93% in year one, and rental yield is 5.86% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 61.26% and total cumulative return in cash sums $161,034. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,902/mo property income rather than buyer’s personal income.

Condo

Built in 2025

7,492 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover elevated living at 3208 Govalle Avenue, a remarkable 3-unit development in the heart of Austins iconic 78702 neighborhood. Built by the highly regarded CKN Homes, this stunning property combines luxury, privacy, and thoughtful design without compromising convenience or style. This 3-bedroom, 3-bathroom residence is filled with timeless design selections and high-end finishes. The spacious layout flows effortlessly, featuring an open-concept living area, a sleek designer kitchen with premium appliances, and carefully curated fixtures throughout. Floor-to-ceiling windows bathe the interiors in natural light, creating an inviting and tranquil atmosphere. The outdoor amenities are equally impressive, highlighted by a serene pool and covered patio space perfect for year-round relaxation. A private carport ensures convenient parking, while the absence of HOA dues and short-term rental restrictions makes this property as practical as it is beautiful. Situated in one of Austins most walkable areas, 3208 Govalle Ave places you steps away from the citys finest dining, nightlife, and entertainment options. Live, invest, and thrive in this sophisticated urban oasis.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78702, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,059 (100%)
Owner Occupied HU	5,068 (29.7%)
Renter Occupied HU	9,519 (55.8%)
Vacant Housing Units	2,472 (14.5%)
Median Home Value	$763,118
Average Home Value	$851,523