1200 Enfield Rd APT 205, Austin, TX, 78703 | 8.35% Rental Yield

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1200 Enfield Rd APT 205, Austin, TX, 78703 | 8.35% Rental Yield | 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

Rental property for sale in Austin at 1200 Enfield Rd APT 205, Austin, TX, 78703 generates $2,261/mo in rent, after a $1,591/mo payment. Total monthly income is $2,261/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 8.35% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 101.06% and total cumulative return in cash sums $108,877. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,261/mo property income rather than buyer’s personal income.

Condo

Built in 1970

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to the Miriam Residences: a rare opportunity in Old Enfield to own a piece of Austin history. #205 is a private 2nd floor unit with spacious terrace and city views. This community is excellent for seasonal ownership and/or investors looking for nimble short and long-term lease optionality, and extremely low historic tax rate. In addition, ownership has access to the pool and amenities at the Historic Miriam Ma Ferguson Estate next-door. Interior finishes are a combination of Bosch appliances, SMEG refrigerator, in-suite W/D and, vintage painted Saltillo tile floors, smooth level-5 drywall and spacious closet. This historic address overlooks the city and is close distance to some of Austin's most popular retail on West Lynn. Walk to neighborhood favorites Jeffrey's, Josephine House and Fresh Plus Grocery (.4 miles away) or head over to Pease Park just 2 min away. The hot spots at Sixth&Blanco are just .7 miles. The project also feeds into award-winning Casis Elementary. This 1200 building is approved annually for Historical Tax Exemption as it is attached to the Historic Governor's Mansion Estate. Owners will have access to the pool and amenities at the Historic Governors Mansion next door with some restrictions. Commercial grade aluminum windows. Standing seam metal roof with stucco and block construction. For full availability, please see agent. Professional photos of #205 coming soon!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78703, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,680 (100%)
Owner Occupied HU	5,534 (51.8%)
Renter Occupied HU	4,210 (39.4%)
Vacant Housing Units	936 ( 8.8%)
Median Home Value	$1,408,910
Average Home Value	$1,473,709