48 East Avenue #3008AustinTX78701
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
Investment Highlights
Investment property for sale in Austin at 48 East Avenue #3008, Austin, TX, 78701 earns from $4,081/mo rent with a $3,446/mo payment. Total monthly income totals $4,081/mo. ROI tracks 15.27% on current figures, and rental yield reads 6.96% at a $704,000 purchase. Equity gained on principal adds $4,543/yr, and 5% annual appreciation supports $194,502 over five years. Five-year ROI reaches 79.13% and total cumulative return in cash sums $183,287. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,081/mo property income instead of your personal income.
Condo
Built in 2021
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78701, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,111 (100%) |
| Owner Occupied HU | 2,924 (24.1%) |
| Renter Occupied HU | 7,078 (58.4%) |
| Vacant Housing Units | 2,109 (17.4%) |
| Median Home Value | $797,837 |
| Average Home Value | $948,485 |
Housing Distribution
Address Breakdown
Residential
9,641
Single Family
1,663
Multi-Family
7,978
Businesses
2,428
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices