611 E 45th St APT 15AustinTX78751
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe cash-flow margin at 611 E 45th St APT 15, Austin, TX, 78751 in Austin is narrow, $155/mo net on $2,977/mo rent after the $1,563/mo debt service, but the property operates at break-even-plus, not a loss. At $347,703 with a 10.27% yield, the long-run equity case via 5% appreciation ($96,064 over five years) and $3,202/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.90 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $144,765.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 4.5% |
| Monthly Cash Flow | $155 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,977 |
| Total Monthly Debt Service | $2,684 |
| DSCR Ratio | 1.11x |
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 1983
2,700 sqft lot
$N/A/sqft
$350 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,040
Single Family
4,620
Multi-Family
5,420
Businesses
596
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 1983
2,700 sqft lot
$N/A/sqft
$350 monthly HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,040
Single Family
4,620
Multi-Family
5,420
Businesses
596
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices