1204 Perez St, Austin, TX, 78721 | 6.33% Rental Yield

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1204 Perez St, Austin, TX, 78721 | 6.33% 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 1204 Perez St, Austin, TX, 78721 generates $3,246/mo in rent, after a $3,010/mo payment. Total monthly income is $3,246/mo. Return on cash invested sits at 13.37% in year one, and rental yield is 6.33% on a $615,000 entry. Equity gained on principal adds $3,969/yr, while 5% annual appreciation builds toward $169,913 over five years. Five-year ROI reaches 68.99% and total cumulative return in cash sums $139,589. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,246/mo property income rather than buyer’s personal income.

Single Family

Built in 1946

6,019 sqft lot

$N/A/sqft

No HOA

More details about the property

Transport yourself to Europe without booking a flight in this French Country-inspired limestone and cedar beauty. Having been lovingly restored, this rare property features the best of both worlds. Original features have been preserved to highlight this homes timeless charming character, while new fixtures, appliances, and finishes give you the comfort and convenience of new construction. Located on a large lot that has a huge backyard with large trees and room to add another home, this property is less than one block from Givens Park, and less than two blocks from Morris Williams Golf Course. Enjoy a convenient lifestyle, and the opportunity to watch your purchase continue to appreciate in value for years to come, in the heart of East Austin, on a hilly and tree-lined street surrounded by new construction. About 5 minutes or less from Eastside destinations like Mueller, Springdale Green, ABP and Lift ATX, East Sixth Street, and more, and only about 10 minutes from the heart of downtown, the airport, this location cannot be beat!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78721, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,473 (100%)
Owner Occupied HU	2,507 (38.7%)
Renter Occupied HU	2,868 (44.3%)
Vacant Housing Units	1,098 (17.0%)
Median Home Value	$603,149
Average Home Value	$714,128