About This Home

Spacious 3 bedroom 2 bath home in Anderson Mill with formal dining room. The home is great for entertaining, featuring a kitchen which opens to the large living room with high vaulted ceilings and a fireplace! Enjoy the shade of the covered patio in the evenings and expansive master bedroom with walk-in closet. Just a short walk to Deerbrook Park offering playground, 2 pools, tennis courts, running trails and open space.

At $214/sqft, this home is 45% 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

11304 Slippery Elm Trl, Austin, TX 78750

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Property Details

Price $350,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,636 sqft

Lot Size 0.15 acres (6,712.6 sqft)

Year Built 1980

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Village 12 At Anderson Mill

County Williamson

Zip Code 78750

$/sqft $214/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221059476

List Date March 2, 2026

Elementary School Purple Sage

Middle School Noel Grisham

High School Westwood

School District ,

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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

12701 Venice Ln #230
Pecan Park Garden Estates $350,000 $218 3 bd / 3 ba 1,607 sqft , 2026-06-19

10510 School House Ln
Village 14 At Anderson Mill $339,900 $249 3 bd / 2 ba 1,363 sqft , 2026-08-07

12508 Piper Ct
Pecan Park Garden Estates $368,000 $245 3 bd / 3 ba 1,500 sqft , 2026-04-17

12107 Scissortail Dr
Woodland Village Anderson Mill Sec 01 Blk $369,000 $266 4 bd / 2 ba 1,385 sqft , 2026-06-17

1404 Piney Creek Ln
Anderson Mill West Sec 01 $374,000 $248 3 bd / 3 ba 1,507 sqft , 2026-08-05

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

$1,680/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

$70,000

20% conventional investment loan

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

Estimated Gross Rent+$1,680

Principal + Interest−$1,910

Property Tax (~2.1% TX avg)−$613

Insurance (~0.5%)−$146

Est. Monthly Cash Flow $-989

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

About the Author

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 July 20, 2026.

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

11304 Slippery Elm Trl

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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