About This Home

Built in 2017, this meticulously maintained home offers three bedrooms, two-and-a-half baths, a new roof, and fresh interior paint, making it move-in ready and turn key for the next buyer. A private fenced yard and deck provide inviting outdoor living with an easy lock-and-leave lifestyle. Additional features include a one-car garage and a second dedicated parking space. Ideally located in the heart of East MLK, the residence is just minutes from Mueller and approximately 15 minutes to Downtown, with easy access to the restaurants, coffee shops, breweries, and entertainment along the vibrant East 12th Street corridor, all while tucked away on a quiet residential street.

At $338/sqft, this home is 14% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1160 Lott Ave #A, Austin, TX 78721

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Property Details

Price $575,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,701 sqft

Lot Size 0.09 acres (4,112.06 sqft)

Year Built 2017

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Masonfield

County Travis

Zip Code 78721

$/sqft $338/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $12,527.33

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246354971

List Date September 10, 2026

Elementary School Sims

Middle School Garcia

High School Northeast Early College

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

4805 Louis Ave
Eastfield $575,000 $349 4 bd / 2 ba 1,648 sqft , 2026-03-20

1114 Richardine Ave
Brooksdale $575,000 $343 3 bd / 2 ba 1,677 sqft , 2026-03-07

1800 WEBBERVILLE Rd #B
Flournoys Eastern Hills $574,990 $341 3 bd / 3 ba 1,685 sqft , 2026-05-14

1614 Elmira Rd
Grant Park $574,900 $369 3 bd / 2 ba 1,556 sqft , 2026-07-16

1704 Webberville Rd
Flournoys Eastern Hills Sec 01 $579,000 $347 3 bd / 2 ba 1,670 sqft , 2026-09-12

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

$2,760/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

$115,000

20% conventional investment loan

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

Estimated Gross Rent+$2,760

Principal + Interest−$3,138

Property Tax (~2.1% TX avg)−$1,006

Insurance (~0.5%)−$240

Est. Monthly Cash Flow $-1,624

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 September 20, 2026.

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

1160 Lott Ave #A

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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