6501 E Hill Drive, Austin, TX, 78731 | 8.12% Rental Yield

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6501 E Hill Drive, Austin, TX, 78731 | 8.12% 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 6501 E Hill Drive, Austin, TX, 78731 offers a 8.12% rental yield on a $315,000 purchase with $2,131/mo rent. 65% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 97.33% and total cumulative return in cash at $101,633. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,131/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1968

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

This well-maintained condominium in Northwest Hills is perfectly located near the Anderson and Steck shopping districts, as well as being next to the secluded Allen Park. A large HEB is within walking distance. Access to Mopac is a cinch and downtown is just 10 minutes away. The condo features 3 bedrooms and 2 bathrooms, as well as an open concept living/dining/kitchen area. The kitchen includes granite countertops, garbage disposal, and dishwasher. There is plenty of closet and pantry space and an in-unit washer and dryer means you never have to do laundry elsewhere again. Two balconies bookend the home, one overlooking the street and your own dedicated parking space, while the other provides a more private retreat. The condominium is located in the Imperial Condominiums and features a swimming pool, storage room, laundry room, bbq area, and bike storage.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78731, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,491 (100%)
Owner Occupied HU	7,716 (53.2%)
Renter Occupied HU	5,868 (40.5%)
Vacant Housing Units	907 ( 6.3%)
Median Home Value	$921,510
Average Home Value	$1,035,055