New contemporary design building in hearth of Cedar Park.
At $268/sqft, this home is priced 18% above the Cedar Park active market average of $228/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →
Luke Allen (TREC #788149) has deep knowledge of Cedar Park and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.
Homes currently for sale in Cedar Park with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.
AddressList Price$/sqftBeds/BathsSqftDOMListed
1005 Cedar Park Dr Forest Park$875,000$3444 bd / 3 ba2,540 sqft,2026-07-29
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
$3,830/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
$159,600
20% conventional investment loan
Monthly Cash Flow Breakdown (20% down · 7.25% rate)
Estimated Gross Rent+$3,830
Principal + Interest−$4,355
Property Tax (~2.1% TX avg)−$1,397
Insurance (~0.5%)−$333
Est. Monthly Cash Flow$-2,255
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 Cedar Park, TX
Cedar Park sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:
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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 August 15, 2026.