605 E 55th St, Austin, TX, 78751 | $289/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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605 E 55th St, Austin, TX, 78751 | $289/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 605 E 55th St, Austin, TX, 78751 offers a 9.98% rental yield on a $240,000 purchase with $1,996/mo rent. Total monthly income registers $1,996/mo, and a $1,175/mo payment leaves $289/mo available for distribution. Annual cash flow reaches $3,468/yr on $79,560 to close, and return on cash invested stands at 24.27% in year one. Equity gained on principal adds $1,549/yr while 5% annual appreciation supports $66,308 over five years. Portfolio math shows five-year ROI at 127.41% and total cumulative return in cash at $101,366. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,996/mo property income against a $1,175/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 2026

N/A lot

$N/A/sqft

No HOA

More details about the property

**Discover modern Austin living in this beautifully designed 2-bed, 1.5-bath, two-story condo tucked away in the vibrant and highly walkable North Loop neighborhood. This under-construction condo is set to be completed in 2026, and blends thoughtful design with stylish finishes, offering comfort, convenience, and contemporary appeal.** Step inside to an open, light-filled layout featuring quartz countertops and sleek modern cabinetry that make the kitchen as functional as it is beautiful. The spacious living area is perfect for entertaining or unwinding after a day exploring the city. Upstairs, youll find two well-appointed bedroomseach with its own private full bathproviding the perfect setup for roommates, guests, or a peaceful home office. With **wonderful finishes throughout**, this condo delivers a sophisticated, move-in-ready experience. Located at **605 E 55th St, Austin, TX 78751**, youll enjoy the best of Austin at your doorstep. Just minutes from local restaurants, coffee shops, nightlife, and major Austin attractions, this home offers the ultimate blend of comfort and convenience. **Affordability Notice:** This home is part of the **City of Austin Affordable Housing Program**. To qualify, buyers must meet program eligibility requirements and have a **household income at or below 80% of the Median Family Income (MFI)**. Dont miss this opportunity to own a modern, centrally located Austin home at an incredible value! **This home is part of the City of Austin Affordable Housing Program. Buyers must meet eligibility requirements and have a household income at or below 80% MFI.**

Neighborhood Data

Neighborhood data shown for ZIP Code: 78751, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,296 (100%)
Owner Occupied HU	2,452 (23.8%)
Renter Occupied HU	7,140 (69.3%)
Vacant Housing Units	704 ( 6.8%)
Median Home Value	$753,804
Average Home Value	$818,216