503 W Grady Dr, Austin, TX, 78753 | 7.36% Rental Yield

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503 W Grady Dr, Austin, TX, 78753 | 7.36% 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

Investment property for sale in Austin at 503 W Grady Dr, Austin, TX, 78753 listed at $349,990 pairs $2,147/mo rent with a $1,713/mo payment. Total monthly income runs $2,147/mo. Return on cash invested measures 16.37% in year one, and rental yield registers 7.36% at a $349,990 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,696 by year five. Five-year ROI tracks 85.12% and total cumulative return in cash totals $98,759. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,147/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1965

10,428 sqft lot

$N/A/sqft

No HOA

More details about the property

This North Austin bungalow packs a punch updated where it counts and sitting on an expansive lot you wont find this close to downtown. Nearly a quarter acre, mostly fenced, and ready for your vision garden, ADU, or epic outdoor hangout (buyer to verify). Inside, three bedrooms and two baths flow across a bright single-level layout with wood and tile floors, granite counters, and newer kitchen appliances microwave (2024) and dishwasher (2025). The primary suite offers double closets, including one in the en-suite bath. Major updates give peace of mind: roof replaced 2017, electrical upgraded 2018, HVAC condenser 2019, water heater 2021. The detached one-car garage adds storage or parking. All this just 10 minutes to The Domain and Whole Foods, and 15 to downtown Austin a rare chance for first-time buyers or investors to snag space and potential in one of Austins hottest areas.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78753, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	24,028 (100%)
Owner Occupied HU	6,589 (27.4%)
Renter Occupied HU	15,744 (65.5%)
Vacant Housing Units	1,695 ( 7.1%)
Median Home Value	$416,345
Average Home Value	$467,801