407 Westmorland Dr, Austin, TX, 78745 | 8.28% Rental Yield

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407 Westmorland Dr, Austin, TX, 78745 | 8.28% 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 407 Westmorland Dr, Austin, TX, 78745 priced at $399,000 converts $2,754/mo rent into after a $1,953/mo obligation. Total monthly income equals $2,754/mo. Return on cash invested prints 19.15% in year one, and rental yield reads 8.28% against a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation compiles into $110,236 by year five. Five-year ROI reaches 99.99% and total cumulative return in cash sums $132,254. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,754/mo property income covering a $1,953/mo payment, not borrower’s personal income.

Single Family

Built in 1969

6,786 sqft lot

$N/A/sqft

No HOA

More details about the property

Adorable South Austin bungalow ten minutes to famed South Congress Avenue and three minutes to the hopping St. Elmo Entertainment District/The Yard including St. Elmo Brewing Company and Still Austin Whiskey Co you are in the heart of it all. Tucked under a canopy of lush, heritage oak trees and freshly renovated, this house oozes charm. Smart updates included an all new kitchen - new cabinets, butcher block countertops, subway backsplash, lighting, matte black sink and faucet, cabinet pulls, hood, and artisan tile flooring giving it flair and function. Updated bathrooms include a new shower and tile surround, shower fixtures, designer tile flooring and lighting. Fresh paint and new trim in the interior as well as the full exterior paint refresh makes this cutie shine. See full improvements list. Three spacious bedrooms and an open floorplan between the dining and living gives this home excellent flow. A sliding glass door inside the dining area, lets the natural light splash in. Outside, youll discover the serene, tree filled back yard with fire ring ready for chilly nights. Or opt to hang on the expansive, covered back porch extending the length of the house perfect for morning coffee or hosting friends dining al fresco. Bonus: the newly built workshop with electrical, lighting and a mini split paves the way for whatever creative pursuit or endeavor you desire - art studio, workshop, she shed? This South Austin gem in hot 78745 blends character in design, fabulous location and move in ready making it the ultimate ATX abode.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78745, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	30,423 (100%)
Owner Occupied HU	12,674 (41.7%)
Renter Occupied HU	15,947 (52.4%)
Vacant Housing Units	1,802 ( 5.9%)
Median Home Value	$533,609
Average Home Value	$591,818