Active Listing  ·  26 days on market

11004 Elm St

Jonestown, TX 78645
$280,000
3 Bed 2 Bath 1,420 sqft $197/sqft Built 1996 0.12 acres Pool Jonestown Hills Unit 3

Welcome Home to this 3-bedroom, 2-bath home. Having an inviting covered front porch and a deck on the side and back patio. The kitchen has many cabinets and Panty, refrigerator, microwave, dishwasher, and quartz countertops. The laundry area is off the kitchen, bedroom, and full bath downstairs. The living area has room for a dining area with a closet under the stairs for storage. Upstairs, you have a main bedroom, full bath, and a secondary bedroom. The fenced-in backyard has an office building or a Hobby studio, with cooling and heating space as well as running water.

At $197/sqft, this home is 41% below the Jonestown active market average of $335/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

11004 Elm St, Jonestown, TX 78645

Property Details

Price $280,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,420 sqft
Lot Size 0.12 acres (5,161.86 sqft)
Year Built 1996
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Jonestown Hills Unit 3
County Travis
Zip Code 78645
$/sqft $197/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,745
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT244288066
List Date August 28, 2026
Elementary School CC Mason
Middle School Running Brushy
High School Cedar Park
School District ,

Luke Allen (TREC #788149) has deep knowledge of Jonestown 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 Jonestown

Comparable Listings Right Now

Homes currently for sale in Jonestown 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
18221 Ledge St
Jonestown Hills
$239,900 $217 2 bd / 1 ba 1,104 sqft , 2026-09-05
10600 Turkey Bend Dr
Panoramic Hills
$200,000 $172 2 bd / 2 ba 1,163 sqft , 2026-03-28

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 Jonestown, TX

Jonestown 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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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on September 18, 2026.

📞 (254) 718-2567 [email protected] More about Luke →