701 Nelray Blvd APT 6AustinTX78751
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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
Investment property for sale in Austin at 701 Nelray Blvd APT 6, Austin, TX, 78751 uses $84,652 cash to close to unlock $2,639/yr annual cash flow and $220/mo monthly cash flow. Total monthly income runs $2,179/mo, and a $1,250/mo payment keeps the spread at $220/mo. Purchase price stands at $255,360, and rental yield measures 10.24% with $2,179/mo rent. Return on cash invested shows 23.03% in year one, and 5% annual appreciation builds toward $70,551 over five years. Five-year ROI reaches 121.49% and total cumulative return in cash records $102,841. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,179/mo property income covering a $1,250/mo payment rather than investor’s personal income.
Apartment
Built in 1984
1,110 sqft lot
$N/A/sqft
$143 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
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