Active Listing  ·  43 days on market

12233 Forsythe Dr

Austin, TX 78759
$429,900
3 Bed 2 Bath 1,452 sqft $296/sqft Built 1980 0.21 acres 2-Car Garage Pool Walnut Crossing Sec 04

**Ask about the seller’s assumable FHA loan at a 6.25% interest rate! Qualified buyers may have the opportunity to assume the seller’s existing FHA financing, subject to lender approval and all assumption requirements.** Set among mature oak trees in the established Walnut Crossing neighborhood, this inviting 3-bedroom, 2-bath home offers 1,452 sq ft of comfortable single-story living. Fresh interior and exterior paint and new carpet in the bedrooms create a clean, move-in-ready feel, while the huge living room with vaulted ceilings flows seamlessly into the kitchen and dining area. Enjoy a spacious backyard and an exceptionally convenient neighborhood setting near Summitt Elementary, Balcones District Park and pool, and the Adelphi Acre Community Garden. Quick access to MoPac, Parmer Lane, Duval Road, and Hwy 183 makes it easy to reach The Domain, major employers, shopping, dining, and the rest of Austin. Currently zoned to Summitt Elementary, Murchison Middle, and Anderson High School, home to AISD’s International Baccalaureate program. Don’t miss this opportunity to enjoy the location, character, and lifestyle of Central North Austin in a move-in-ready home offered under $450K!

At $296/sqft, this home is 24% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12233 Forsythe Dr, Austin, TX 78759

Property Details

Price $429,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,452 sqft
Lot Size 0.21 acres (9,134.53 sqft)
Year Built 1980
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Walnut Crossing Sec 04
County Travis
Zip Code 78759
$/sqft $296/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,276.9
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240559640
List Date August 26, 2026
Elementary School Summitt
Middle School Murchison
High School Anderson
School District ,

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.

Schedule a Call →

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
3509 Ambleside Dr
Walnut Crossing Sec 03
$425,000 $286 4 bd / 2 ba 1,487 sqft , 2026-08-28
4601 Tamarack Trl
Northwood 04
$444,000 $285 3 bd / 2 ba 1,556 sqft , 2026-06-02
5143 Ganymede Dr
Milwood Sec 11
$445,000 $342 3 bd / 2 ba 1,301 sqft , 2026-04-13
3906 Tattershall Ln
Milwood Sec 05
$445,000 $315 3 bd / 2 ba 1,411 sqft , 2026-07-30
4802 Ganymede Dr
Milwood Sec 11
$464,990 $284 4 bd / 2 ba 1,639 sqft , 2026-09-03

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
$2,064/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
$85,980
20% conventional investment loan

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

Estimated Gross Rent+$2,064
Principal + Interest−$2,346
Property Tax (~2.1% TX avg)−$752
Insurance (~0.5%)−$179
Est. Monthly Cash Flow $-1,213

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 30, 2026.

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