68 Mildred St, Austin, TX, 78702 | 5.27% Rental Yield

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68 Mildred St, Austin, TX, 78702 | 5.27% 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 68 Mildred St, Austin, TX, 78702 offers a 5.27% rental yield on a $649,500 purchase with $2,850/mo rent. 13% in year one. Equity gained on principal adds $4,191/yr while 5% annual appreciation supports $179,445 over five years. Portfolio math shows five-year ROI at 51.59% and total cumulative return in cash at $110,233. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,850/mo property income against a $3,179/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1936

3,493 sqft lot

$N/A/sqft

No HOA

More details about the property

Unbeatable location in the sought-after Holly Neighborhood, this unique home is just steps from Holly Shores Park, trails, and Lady Bird Lakeideal for pet lovers, cyclists, paddlers, and outdoor enthusiasts. Featured in Apartment Therapy, it blends timeless character with modern versatility. Inside, high ceilings and abundant natural light create an airy feel. The front room includes French doors and a built-in Murphy bed, easily converting into a guest suite or flex space. A one-of-a-kind stone roomcrafted by the original stone mason ownerfeatures skylights and a built-in bench with storage, ideal as a dining room or potential third en-suite bedroom. The sunny kitchen includes white porcelain tile countertops, a pantry, and space for a cozy bistro table for morning coffee. Behind kitchen is a workspace with ample cabinetry perfect for creative projects or remote work. The laundry area offers shelving for more storage and a stacked washer/dryer. Engineered wood and tile flooring run throughout. The fenced backyard is ideal for entertaining, with a Tiki bar, a producing pecan tree, and space to relax, entertain or garden. A detached studio/office with its own AC unit offers a quiet retreat for work or hobbies. Close to East Austins bestLaunderette, Bufalina, Intero, Juniper, Kemuri Tatsu-Yaand just a bike ride to breweries, De Nada Cantina, and East 6th. Walk Score 87, Bike Score 96, and under 3 miles to UT and major hospitals. Eligible for up to $17,500 in grant money through a program with Bank of America. Call listing agent for details.

Neighborhood Data

Neighborhood data shown for ZIP Code: 78702, Austin, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	17,059 (100%)
Owner Occupied HU	5,068 (29.7%)
Renter Occupied HU	9,519 (55.8%)
Vacant Housing Units	2,472 (14.5%)
Median Home Value	$763,118
Average Home Value	$851,523