3839 Dry Creek Dr UNIT 244AustinTX78731
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow3839 Dry Creek Dr UNIT 244, Austin, TX, 78731 in Austin is a solid income-producing rental, 11.48% gross yield, $2,573/mo rent, $250/mo net cash flow on a $269,000 buy. DSCR 2.13 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $74,320 and $2,478/yr in principal reduction project a total cumulative return of $120,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 4.5% |
| Monthly Cash Flow | $250 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,573 |
| Total Monthly Debt Service | $2,216 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1981
3,179 sqft lot
$N/A/sqft
$410 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,922
Single Family
8,632
Multi-Family
5,290
Businesses
1,259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1981
3,179 sqft lot
$N/A/sqft
$410 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,922
Single Family
8,632
Multi-Family
5,290
Businesses
1,259
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices