1214 Vargas Rd #A, Austin, TX, 78741 | 8.21% Rental Yield

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1214 Vargas Rd #A, Austin, TX, 78741 | 8.21% Rental Yield | Ziffy

For Sale

Rental Income

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 1214 Vargas Rd #A, Austin, TX, 78741 generates $2,219/mo in rent, after a $1,588/mo payment. Total monthly income is $2,219/mo. Return on cash invested sits at 18.92% in year one, and rental yield is 8.21% on a $324,500 entry. Equity gained on principal adds $2,094/yr, while 5% annual appreciation builds toward $89,653 over five years. Five-year ROI reaches 98.77% and total cumulative return in cash sums $106,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,219/mo property income rather than buyer’s personal income.

Condo

Built in 2003

10,500 sqft lot

$N/A/sqft

No HOA

More details about the property

Incredible Investment Opportunity in East Austin! Welcome to 1214 Vargas Rda lightly updated duplex offering two spacious 3-bedroom, 2-bath units, each with a private entrance, one-car garage, and oversized fenced backyard. Both sides feature vaulted ceilings, vinyl plank floors, granite counters, modern tilework in the bathrooms, stainless steel appliances, fresh paint, and open-concept living areas filled with natural light. Each unit is move-in ready with room for future upgrades, making it ideal for house hacking or generating rental income from both sides. Located just 5 miles from Downtown Austin and just over 4 miles to Austin-Bergstrom Airport, this property sits in the heart of the East Riverside Corridorone of the citys fastest-growing and most heavily redeveloped areas. You're walking distance to the beautiful Riverside Golf Course, multiple bus stops, Roy G. Guerrero Park, hike-and-bike trails, and Lady Bird Lake. Residents enjoy a quick commute to Oracles HQ, new mixed-use communities, restaurants, bars, and waterfront parks that are transforming East Riverside into one of Austins premier urban hubs. With easy access to downtown via Riverside Dr or I-35, this duplex offers unbeatable connectivity without sacrificing neighborhood charm. Whether you're an investor seeking strong returns or a buyer looking to live in one unit and lease the other, 1214 Vargas Rd delivers flexibility, location, and long-term upside. This listing is for side A only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78741, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	29,212 (100%)
Owner Occupied HU	3,645 (12.5%)
Renter Occupied HU	22,859 (78.3%)
Vacant Housing Units	2,708 ( 9.3%)
Median Home Value	$457,851
Average Home Value	$511,431