606 W Lynn St APT 24AustinTX78703
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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
Investment Highlights
Rental property for sale in Austin at 606 W Lynn St APT 24, Austin, TX, 78703 priced at $610,999 pairs $2,994/mo rent with after a $2,991/mo payment. Total monthly income equals $2,994/mo. Return on cash invested is 7.96% in year one, and rental yield stands at 5.88% on a $610,999 basis. Equity gained on principal adds $3,943/yr, and 5% annual appreciation accumulates to $168,808 by year five. Five-year ROI measures 41.41% and total cumulative return in cash reaches $83,241. For financing, Ziffy Mortgage’s DSCR program evaluates $2,994/mo property income against a $2,991/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1979
2,787 sqft lot
$N/A/sqft
$676 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78703, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,680 (100%) |
| Owner Occupied HU | 5,534 (51.8%) |
| Renter Occupied HU | 4,210 (39.4%) |
| Vacant Housing Units | 936 ( 8.8%) |
| Median Home Value | $1,408,910 |
| Average Home Value | $1,473,709 |
Housing Distribution
Address Breakdown
Residential
11,608
Single Family
7,163
Multi-Family
4,445
Businesses
1,192
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Listed by: Julie Nelson • eXp Realty, LLC
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #5509379
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2024-10-18 14:26:38 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)