Active Listing  ·  18 days on market

1317 Cloverleaf Dr

Austin, TX 78723
$615,000
3 Bed 2 Bath 1,864 sqft $330/sqft Built 1955 0.21 acres Pool Delwood Sec 04

East Central Austin Investment Opportunity! Well-located East Central Austin property featuring recent improvements, a strong location, and an existing lease in place through April 22, 2027, at $3,300 per month, providing an opportunity for a buyer seeking an income-producing property with an existing tenant. The home features granite countertops, fresh interior paint, new baseboards, new appliances, a new HVAC system, and a new tankless water heater. Additional features include a private back deck, Nest security cameras, an ADT security system, cable, and high-speed internet. Conveniently located just minutes from downtown Austin, with Target and Home Depot within walking distance. The nearby Mueller area is easily accessible by bike and offers H-E-B, the Mueller Farmers' Market, Alamo Drafthouse, shopping, dining, and additional entertainment options.The surrounding area offers a variety of restaurants, retail, and services, making this a convenient location for tenants and an appealing option for investors looking for a property with established rental income. Current lease: $3,300/month through April 22, 2027. Buyer to independently verify lease terms, rental information, property condition, measurements, zoning, schools, utilities, and all other information important to buyer. Broker is a part owner of the property.

At $330/sqft, this home is 16% 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

1317 Cloverleaf Dr, Austin, TX 78723

Property Details

Price $615,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,864 sqft
Lot Size 0.21 acres (9,134.53 sqft)
Year Built 1955
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Delwood Sec 04
County Travis
Zip Code 78723
$/sqft $330/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,830
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245946051
List Date September 5, 2026
Elementary School Blanton
Middle School Pearce Middle
High School Northeast Early College
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.

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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
2105 Brunswick Dr
Windsor Park 02 Sec 02
$625,000 $416 3 bd / 2 ba 1,504 sqft , 2026-03-31
5700 Avenue G None
Skyview Sec 03
$599,000 $341 4 bd / 2 ba 1,757 sqft , 2026-08-05
1428 Corona Dr
Delwood 04 Sec B
$592,500 $443 4 bd / 2 ba 1,338 sqft , 2026-04-30
1201 Ridgehaven Dr
Delwood Heights
$590,000 $328 3 bd / 2 ba 1,799 sqft , 2026-08-26
1302 Berkshire Dr
Gaston Park
$649,900 $290 4 bd / 3 ba 2,238 sqft , 2026-08-14

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
$2,952/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
$123,000
20% conventional investment loan

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

Estimated Gross Rent+$2,952
Principal + Interest−$3,356
Property Tax (~2.1% TX avg)−$1,076
Insurance (~0.5%)−$256
Est. Monthly Cash Flow $-1,736

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

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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 6, 2026.

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