








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Austin at 1511 Terrapin Ct #B, Austin, TX, 78746 uses $239,841 cash to close to unlock $6,895/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $5,880/mo, and a $3,568/mo payment keeps the spread at $575/mo. Purchase price stands at $729,000, and rental yield measures 9.68% with $5,880/mo rent. Return on cash invested shows 22.93% in year one, and 5% annual appreciation builds toward $201,409 over five years. Five-year ROI reaches 120.48% and total cumulative return in cash records $288,948. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,880/mo property income covering a $3,568/mo payment rather than investor’s personal income.
Townhouse
Built in 1980
8,468 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 78746, Austin, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,628 (100%) |
| Owner Occupied HU | 7,961 (63.0%) |
| Renter Occupied HU | 3,718 (29.4%) |
| Vacant Housing Units | 949 ( 7.5%) |
| Median Home Value | $1,332,581 |
| Average Home Value | $1,427,247 |
Residential
12,148
Single Family
8,833
Multi-Family
3,315
Businesses
2,484
Date | Event | Price |
|---|---|---|
| 2025-06-06 | Listed for sale | $729,000 |
| 2025-05-23 | Listing removed | $749,000 |
| 2025-04-25 | Listed for sale | $749,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-06 | $13560.24 | 2.18% | $707,437 | -17.76% |
| 2023-06-06 | $13270.41 | 17.60% | $860,254 | 36.39% |
| 2022-06-06 | $11284.84 | N/A | $630,724 | -1.32% |



Listed by: Kemper Richardson • Moreland Properties
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #8651490
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-06-06 05:51:21 PDT. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#27)