1515 Mearns Meadow Blvd, Austin, TX, 78758 | 7.05% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

1515 Mearns Meadow Blvd, Austin, TX, 78758 | 7.05% Rental Yield | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

2 Bed
2 Bath
1000 sft

5107 Leralynn St APT 203, Austin, TX, 78751

4 Bed
3 Bath
2711 sft

7658 Marble Ridge Dr, Austin, TX, 78747

3 Bed
3 Bath
1474 sft

10401 Sentenal Dr, Austin, TX, 78748

5 Bed
3 Bath
2522 sft

12605 Iron Bridge Dr, Manchaca, TX, 78652

Nearby investment properties with comparable prices

2 Bed
1 Bath
863 sft

2108 Rountree Dr, Austin, TX, 78722

2 Bed
1 Bath
867 sft

919 E 51st St #B, Austin, TX, 78751

3 Bed
2 Bath
1785 sft

9008 W Pointer Ln, Austin, TX, 78758

3 Bed
3 Bath
1612 sft

2050 Lohmans Spur Rd UNIT 1404, Lakeway, TX, 78734

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

Explore more listings using simple english

Investment Highlights

Total monthly income runs $2,792/mo, and a $2,325/mo payment. Purchase price stands at $475,000, and rental yield measures 7.05% with $2,792/mo rent. Return on cash invested shows 15.44% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 80.14% and total cumulative return in cash records $126,187. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,792/mo property income covering a $2,325/mo payment rather than investor’s personal income.

Single Family

Built in 1973

0.25 Acres lot

$N/A/sqft

No HOA

More details about the property

$10,000 price drop, updates and a strategic location. This roomy ranch is a find! Major systems have been completely updatedincluding much plumbing updated, premium HVAC, and a 50-year roof. The expanded kitchen handles everything from weeknight dinners to weekend entertaining with ease. Featuring beautiful butcher block counters, gas range, wine storage, and an oversized pantry/laundry combo that keeps daily essentials organized and out of sight. Once a fourth bedroom, there is a bespoke closet for the primary bedroom with moody, styling dark green paint and stylish custom storage. Can convert to bedroom, office, or whatever your life demands.The generous front room with floor-to-ceiling built-ins provides elegant dining or living space. The private primary suite is positioned away from main living areas with a view to the park-like backyard, complete with spa-like ensuite featuring dual vanities, soaking tub, and luxurious double rainhead shower. The mature tree-shaded backyard offers privacy and room to playperfect for relaxing as-is or adding your personal touches like raised beds or a pool. This gem of a location means you dont have to mess with parking and can walk to Q2 Stadium for games. Quick drive to 183, 35, MoPac and the Domain. The best of both worlds: peaceful residential living with quick access to dining, entertainment, and city amenities. This home delivers comfort, convenience, and location without the project list. Note: lights in the living/dining space are not currently dimmable due to inactive wifi service.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78758, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	28,558 (100%)
Owner Occupied HU	5,587 (19.6%)
Renter Occupied HU	19,634 (68.8%)
Vacant Housing Units	3,337 (11.7%)
Median Home Value	$483,369
Average Home Value	$543,039