745 E Oltorf St APT 201, Austin, TX, 78704 | $189/mo Cash Flow

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745 E Oltorf St APT 201, Austin, TX, 78704 | $189/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 745 E Oltorf St APT 201, Austin, TX, 78704 uses $99,417 cash to close to unlock $2,271/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,322/mo, and a $1,468/mo payment keeps the spread at $189/mo. Purchase price stands at $299,900, and rental yield measures 9.29% with $2,322/mo rent. Return on cash invested shows 22.19% in year one, and 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 116.33% and total cumulative return in cash records $115,648. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,322/mo property income covering a $1,468/mo payment rather than investor’s personal income.

Condo

Built in 1967

2,334 sqft lot

$N/A/sqft

No HOA

More details about the property

Come by and tour this fully renovated condo with an upstairs bedroom/loft area in a gated community that is only a short walk to St. Edwards. Everything in the condo is new - new stainless steel appliances, new floors, fresh paint, new quartz counters and cabinets in the kitchen and bath, and new HVAC! This is one of the few units to have it's own washer and dryer in the unit, in the loft area closet upstairs. Or you can remove them and have a fully functional loft bedroom if you wish! On site beautiful pool and relaxing clubhouse just steps away. If downtown is your thing, you are only a few minutes away! Lots of employers are a short distance away, as well as, UT, St. Edwards, and ACC. ABIA is less than 5 miles away also. Located just off Oltorf, this home offers unbeatable access to South Congress, East Riverside, and downtown Austin. With trendy restaurants, shopping, nightlife, and Lady Bird Lake all within minutes, youll love the vibrant lifestyle that comes with living here.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78704, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,219 (100%)
Owner Occupied HU	9,122 (31.2%)
Renter Occupied HU	17,764 (60.8%)
Vacant Housing Units	2,333 ( 8.0%)
Median Home Value	$905,722
Average Home Value	$1,042,481