About This Home

Travis Heights neighborhood next to downtown Austin. Pool onsite. Third floor community terrace with a beautiful view of downtown. Condo with dishwasher, washer/dryer and walk in closets. Wood floors through out with stainless steel appliances. Open, on-site parking. Quick walk to South Congress restaurants and shops. - HOA approves short-term rentals.

At $271/sqft, this home is 31% 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

1202 Newning Ave #311, Austin, TX 78704

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Property Details

Price $299,999

Status Active Listing

Beds 2

Full Baths 1

Half Baths ,

Living Area 1,107 sqft

Lot Size 0.03 acres (1,359.07 sqft)

Year Built 1966

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Madrid

County Travis

Zip Code 78704

$/sqft $271/sqft

Days on Market ,

HOA $425.95/Monthly

Annual Tax Est. $3,127.29

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT198639955

List Date May 29, 2025

Elementary School Travis Hts

Middle School Lively

High School Travis

School District ,

Have Questions About This Property?

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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

6211 Manor Rd #107
Manor Twnhms $299,999 $253 2 bd / 2 ba 1,188 sqft , 2026-07-09

6024 Elfen Way
Woodlands Sec 03 The $299,999 $249 3 bd / 2 ba 1,203 sqft , 2026-07-27

1105 Richardine Ave
Brooksdale $300,000 $401 3 bd / 1 ba 748 sqft , 2025-12-01

935 La Posada Dr #145
Flats/935 Condos Bldg 4 $300,000 $291 3 bd / 2 ba 1,030 sqft , 2026-02-03

7122 Wood Hollow Dr #47
Edgecliff NW Condo Amd $300,000 $259 2 bd / 2 ba 1,158 sqft , 2026-02-12

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

$1,440/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

$60,000

20% conventional investment loan

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

Estimated Gross Rent+$1,440

Principal + Interest−$1,637

Property Tax (~2.1% TX avg)−$525

Insurance (~0.5%)−$125

Est. Monthly Cash Flow $-847

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

1202 Newning Ave #311

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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