About This Home

Backs to a green belt! Beautiful single story home, 3 bedrooms and 2 full bathrooms, spacious living area, kitchen with granite countertops and solid wood cabinets, tile and wood flooring throughout the main areas, covered patio, front porch, two car garage. Move-in Ready! Freshly painted. Roof was replaced in September 2024. The house is located in the "Preserve at Northwood", a stretch of Palfrey St with only 38 houses that were built in 2006. DREAM LOCATION!! 2.5 miles to Apple, 2.5 miles to the Domain, and a super easy access to Mopac and Parmer Ln.

At $301/sqft, this home is 23% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

12603 Palfrey Dr, Austin, TX 78727

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Property Details

Price $499,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,659 sqft

Lot Size 0.15 acres (6,490.44 sqft)

Year Built 2006

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Reserve At Northwood

County Travis

Zip Code 78727

$/sqft $301/sqft

Days on Market ,

HOA $50/Annually

Annual Tax Est. $10,754.4

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT218859190

List Date February 9, 2026

Elementary School Summitt

Middle School Murchison

High School Anderson

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

12710 Poquoson Dr
Northwood 03 $499,999 $303 3 bd / 2 ba 1,651 sqft , 2026-04-23

13006 Council Bluff Dr
Northwood Iv $495,000 $242 3 bd / 2 ba 2,046 sqft , 2026-07-07

12800 Stepping Stone Cv
Northwood $510,000 $315 3 bd / 2 ba 1,620 sqft , 2026-07-24

2110 Magazine St
Lamplight Village Sec 04 $479,900 $308 3 bd / 3 ba 1,558 sqft , 2026-05-14

4601 Tamarack Trl
Northwood 04 $475,000 $305 3 bd / 2 ba 1,556 sqft , 2026-06-02

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

$2,400/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

$99,980

20% conventional investment loan

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

Estimated Gross Rent+$2,400

Principal + Interest−$2,728

Property Tax (~2.1% TX avg)−$875

Insurance (~0.5%)−$208

Est. Monthly Cash Flow $-1,411

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 9, 2026.

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

12603 Palfrey Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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