Active Listing  ·  188 days on market

102 W Covington Dr

Austin, TX 78753
$430,000
3 Bed 2 Bath 1,398 sqft $308/sqft Built 1960 0.26 acres 2-Car Garage Pool Eubank Acres Sec 02

North Austin Classic Neighborhood. Prestigious Eubank Acres. Perfect for modern lifestyle with 60's character. Move in ready. Big lot with ginormous oaks and park like backyard. Two living areas: a formal plus the open space of kitchen, dining and family areas. Splashy new kitchen countertops. Extra closet space in main bedroom. Fresh interior paint with new low maintenance floor coverings in all rooms Upgraded plumbing and electrical. Minutes to HEB, Home Depot and big box retailers. Short distance to the high tech, high rise "second downtown" area of the Domain. Quick access to major roadways Braker, Parmer, and Lamar. Three blocks to I 35. Walk to Walnut Creek Elementary School. A few minutes bike ride to the Walnut Creek Metropolitan Park. A short drive to Metro Light Rail and Q2 Soccer Stadium. Lots of space for kids and parties. Big tickets items all in good shape: New Hot Water Heater 2022 • New A/C Heat System 2021 • New Roof 2024. Owner thinks plenty of room for an ADU. Same property owner since 1979

At $308/sqft, this home is 21% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

102 W Covington Dr, Austin, TX 78753

Property Details

Price $430,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,398 sqft
Lot Size 0.26 acres (11,268.97 sqft)
Year Built 1960
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Eubank Acres Sec 02
County Travis
Zip Code 78753
$/sqft $308/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $8,406.39
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT217650328
List Date January 28, 2026
Elementary School Walnut Creek
Middle School Dobie (Austin ISD)
High School Navarro Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2508 Enfield Rd #11
Enfield Challenge Condo
$430,000 $445 2 bd / 2 ba 967 sqft , 2026-04-17
508 Capitol Dr #1
Loar Add A
$430,000 $309 3 bd / 2 ba 1,391 sqft , 2026-06-02
5104 Acorn Cv
Woodland Oaks
$430,000 $242 2 bd / 2 ba 1,778 sqft , 2026-06-21
7805 Wakefield Dr
Woodstone Village Sec 03
$430,000 $318 3 bd / 2 ba 1,354 sqft , 2026-07-05
12911 Quinn Trl
MILWOOD SEC 16
$430,000 $291 3 bd / 2 ba 1,479 sqft , 2026-08-03

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$2,064/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$86,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$2,064
Principal + Interest−$2,347
Property Tax (~2.1% TX avg)−$753
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,215

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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