1511 Oak Heights Dr #2, Austin, TX, 78741 | 3.92% Rental Yield

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1511 Oak Heights Dr #2, Austin, TX, 78741 | 3.92% 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 1511 Oak Heights Dr #2, Austin, TX, 78741 generates $1,955/mo in rent, after a $2,932/mo payment. Total monthly income is $1,955/mo. Return on cash invested sits at 6.03% in year one, and rental yield is 3.92% on a $599,000 entry. Equity gained on principal adds $3,865/yr, while 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 29.59% and total cumulative return in cash sums $58,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,955/mo property income rather than buyer’s personal income.

Single Family

Built in 2020

7,143 sqft lot

$N/A/sqft

No HOA

More details about the property

Discover modern living in this stylish 2-bed, 2.5-bath Farmhouse Contemporary located just minutes from Downtown Austin, the Riverside Oracle Campus, and the Boardwalk at Lady Bird Lake. Enjoy unbeatable walkability to the hike-and-bike trail and quick access to Austins best bars, restaurants, and entertainment. Step inside to an open-concept layout filled with natural light, soaring ceilings, and a sleek floating staircase. The kitchen features stainless steel appliances, quartz countertops, and a spacious island perfect for cooking or gathering. Wire-brushed ivory white oak hardwoods run throughout the home, adding warmth and elegance to every room. Energy-efficient upgrades include spray foam insulation, a tankless water heater, and an EV car chargerideal for modern, eco-minded living. Both bedrooms offer comfort and privacy, each with its own en-suite bath. Outside, a private fenced backyard provides the perfect spot for unwinding, entertaining, or weekend lounging. A rare blend of design, convenience, and locationthis home puts the best of central Austin right at your doorstep.

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