3839 Dry Creek Dr UNIT 111, Austin, TX, 78731 | $301/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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3839 Dry Creek Dr UNIT 111, Austin, TX, 78731 | $301/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 3839 Dry Creek Dr UNIT 111, Austin, TX, 78731 offers a 9.89% rental yield on a $265,000 purchase with $2,185/mo rent. Total monthly income registers $2,185/mo, and a $1,297/mo payment leaves $301/mo available for distribution. Annual cash flow reaches $3,607/yr on $87,848 to close, and return on cash invested stands at 24.02% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 126.09% and total cumulative return in cash at $110,763. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,185/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1981

3,458 sqft lot

$N/A/sqft

No HOA

More details about the property

Great opportunity for a 2-bed, 2-bath condo in Central Austin! This first-level unit offers plenty of parking for residents and guests. Step inside to find luxury vinyl plank flooring, a cozy fireplace, and sliding glass doors that fill the space with natural light and lead to a private balcony overlooking the wet-weather creek. The open layout connects the living room, dining area, and kitchen, which features white appliances, classic white cabinetry, and bold blue countertops accented by an eat-in breakfast bar. The dining area enjoys peaceful treetop views, while the balcony serves as a relaxing retreat with additional storage closets. The bright and inviting primary suite is a perfect retreat, and the unit also includes a stackable washer/dryer in its own laundry closet. Community amenities include two pools, a hot tub/spa, picnic areas, and beautifully landscaped groundsall just minutes from 2222 and MoPac. With comfort, convenience, this condo offers a true Austin lifestyle.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78731, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,491 (100%)
Owner Occupied HU	7,716 (53.2%)
Renter Occupied HU	5,868 (40.5%)
Vacant Housing Units	907 ( 6.3%)
Median Home Value	$921,510
Average Home Value	$1,035,055