701 Nelray Blvd APT 6AustinTX78751
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 701 Nelray Blvd APT 6, Austin, TX, 78751 in Austin earns a 10.24% gross yield at $255,360. Rent of $2,179/mo nets $220/mo after the $1,148/mo mortgage. The 1.90 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $70,551 and $2,352/yr in equity accumulation project a total cumulative return of $112,642.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 4.5% |
| Monthly Cash Flow | $220 | $1,850 |
City averages based on Austin market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,179 |
| Total Monthly Debt Service | $1,857 |
| DSCR Ratio | 1.17x |
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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices