1 Bed1 Bath834 sqft$540/sqftBuilt 19520.21 acresPoolCarter William
About This Home
This is for investors , property is tear down, lots of development around the property
At $540/sqft, this home is priced 38% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →
Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.
Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.
AddressList Price$/sqftBeds/BathsSqftDOMListed
605 E 55th St #4 THE HIGHLANDS ADDITION$450,000$6292 bd / 3 ba715 sqft,2025-11-14
2308 Santa Rita St Buena Vista$450,000$5102 bd / 2 ba882 sqft,2026-01-14
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
$2,160/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
$90,000
20% conventional investment loan
Monthly Cash Flow Breakdown (20% down · 7.25% rate)
Estimated Gross Rent+$2,160
Principal + Interest−$2,456
Property Tax (~2.1% TX avg)−$788
Insurance (~0.5%)−$188
Est. Monthly Cash Flow$-1,272
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: