Active Listing  ·  42 days on market

1404 Anise Dr

Austin, TX 78741
$350,000
3 Bed 3 Bath 1,659 sqft $211/sqft Built 2006 0.10 acres 2-Car Garage Pool Riverside Meadows Sec 01

Exceptional opportunity for investors, contractors, or buyers looking to create their dream home. This property offers tremendous potential but requires extensive renovation and repairs. Previous improvements include work completed without professional contractors, and some projects may not have required permits. Buyers are encouraged to review all available documentation and conduct their own due diligence. The home features all bedrooms upstairs, an open-concept main level, and a backyard designed for entertaining and a private deck off the primary suite overlooking the backyard. With the right vision and investment, this property can be transformed into something truly special.

At $211/sqft, this home is 46% 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

1404 Anise Dr, Austin, TX 78741

Property Details

Price $350,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 1,659 sqft
Lot Size 0.10 acres (4,390.85 sqft)
Year Built 2006
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Riverside Meadows Sec 01
County Travis
Zip Code 78741
$/sqft $211/sqft
Days on Market ,
HOA $150/Annually
Annual Tax Est. $7,842.54
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241591053
List Date August 12, 2026
Elementary School Smith
Middle School Ojeda
High School Del Valle
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
1003 Valdez St #A
Chernosky 16
$350,000 $311 2 bd / 3 ba 1,125 sqft , 2026-08-16
6303 Santos St #A
6303 Santos Site Condos
$349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27
6706 Cruz St
Chernosky 17
$349,000 $218 3 bd / 2 ba 1,600 sqft , 2026-09-22
1429 Poppy Seed Ln
Riverside Meadows Sec 01
$360,000 $234 4 bd / 2 ba 1,540 sqft , 2026-08-25
1108 Vasquez St
Chernosky 16
$330,000 $258 3 bd / 2 ba 1,280 sqft , 2025-02-26

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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 August 20, 2026.

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