7685 Northcross Dr UNIT 720AustinTX78757
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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 7685 Northcross Dr UNIT 720, Austin, TX, 78757 uses $59,173 cash to close to unlock $506/yr annual cash flow and $42/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $874/mo payment keeps the spread at $42/mo. Purchase price stands at $178,500, and rental yield measures 9.28% with $1,380/mo rent. Return on cash invested shows 20.76% in year one, and 5% annual appreciation builds toward $49,316 over five years. Five-year ROI reaches 109.21% and total cumulative return in cash records $64,622. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $874/mo payment rather than investor’s personal income.
Apartment
Built in 1986
1,202 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 78757, Austin, TX area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,043 (100%) |
| Owner Occupied HU | 6,139 (47.1%) |
| Renter Occupied HU | 5,539 (42.5%) |
| Vacant Housing Units | 1,365 (10.5%) |
| Median Home Value | $693,793 |
| Average Home Value | $774,919 |
Housing Distribution
Address Breakdown
Residential
11,553
Single Family
8,502
Multi-Family
3,051
Businesses
1,109
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