506 W 51st St #A, Austin, TX, 78751 | 8.08% Rental Yield

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

506 W 51st St #A, Austin, TX, 78751 | 8.08% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
2034 sft

10001 Twin Lake Loop, Dripping Springs, TX, 78620

2 Bed
2 Bath
1200 sft

4513 Avenue B #1, Austin, TX, 78751

Investment Property+ 1 more

2 Bed
1 Bath
988 sft

4603 Avenue B, Austin, TX, 78751

2 Bed
3 Bath
1108 sft

3911 Duval St #2, Austin, TX, 78751

Nearby investment properties with comparable prices

2 Bed
2 Bath
1023 sft

1411 Norwalk Ln APT 104, Austin, TX, 78703

2 Bed
1 Bath
856 sft

900 S Lamar Blvd APT 310, Austin, TX, 78704

2 Bed
3 Bath
1170 sft

915 W 22nd 1/2 St APT 203, Austin, TX, 78705

2 Bed
2 Bath
969 sft

711 W 26th St APT 303, Austin, TX, 78705

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

Investment property for sale in Austin at 506 W 51st St #A, Austin, TX, 78751 listed at $410,000 pairs $2,760/mo rent with a $2,007/mo payment. Total monthly income runs $2,760/mo. Return on cash invested measures 18.53% in year one, and rental yield registers 8.08% at a $410,000 basis. Equity gained on principal adds $2,646/yr, and annual property appreciation at 5% supports $113,275 by year five. Five-year ROI tracks 96.7% and total cumulative return in cash totals $131,435. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,760/mo property income relative to a $2,007/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1950

3,354 sqft lot

$N/A/sqft

No HOA

More details about the property

Tucked into a quiet pocket just blocks from The Triangle, North Loop, and the UT campus, this two-bedroom, one-bath homebuilt in 1950offers the perfect blend of classic charm and walkable city living. Inside, the bright, functional layout feels cozy yet open, with large windows that fill the space with natural light. Original hardwood floors, granite countertops, and crown molding add timeless character and warmth throughout. Recent upgradesincluding a new roof in 2023bring peace of mind, while two dedicated parking spots add everyday convenience. Out back, a private fenced yard offers space to unwind, garden, or let your pet roam freely. Just steps from Home Slice, Foreign & Domestic, Merit Coffee, and other neighborhood gems, this home offers unbeatable walkability to some of Austins best dining, shopping, and green spaces. Whether you're headed to campus (10 minute bike ride), downtown, or simply exploring your own neighborhood, you'll love living in the heart of it all. Great for investors and first time home buyers. Down Payment Help May Be Available! This home qualifies for Austins Down Payment Assistance Program (up to $40,000 for eligible buyers). 0% down payment and closing cost assistance available for qualified buyers. Feel free to call/text/email me with questions on this. *Some photos include virtual staging to help visualize the space.*

Neighborhood Data

Neighborhood data shown for ZIP Code: 78751, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,296 (100%)
Owner Occupied HU	2,452 (23.8%)
Renter Occupied HU	7,140 (69.3%)
Vacant Housing Units	704 ( 6.8%)
Median Home Value	$753,804
Average Home Value	$818,216