About This Home

Come see this cute and cozy home that's been recently refreshed throughout. With refinished bathrooms, flooring and fresh paint inside and out, this home is turn-key ready. This home has 3 bedrooms, 2 bathrooms, a laundry/utility space, and a bonus room to be used as you see fit. Don't miss this opportunity to make this home yours!

At $158/sqft, this home is 8% below the Killeen active market average of $172/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1508 Bowie Ct, Killeen, TX 76541

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Property Details

Price $150,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 952 sqft

Lot Size 0.21 acres (9,151.96 sqft)

Year Built 1964

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Killeen Heights South Unit 2nd

County Bell

Zip Code 76541

$/sqft $158/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $2,735.01

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243748465

List Date August 17, 2026

Elementary School Clifton Park

Middle School Manor (Killeen ISD)

High School Killeen

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Killeen 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 Killeen

Comparable Listings Right Now

Homes currently for sale in Killeen 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

204 E Fowler Ave
South Park Add Rev $129,995 $135 3 bd / 1 ba 960 sqft , 2026-09-11

1314 Gardenia Ave
Rose Add 3rd Unit $185,000 $169 3 bd / 1 ba 1,092 sqft , 2025-12-11

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

$720/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

$30,000

20% conventional investment loan

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

Estimated Gross Rent+$720

Principal + Interest−$819

Property Tax (~2.1% TX avg)−$263

Insurance (~0.5%)−$63

Est. Monthly Cash Flow $-425

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 Killeen, TX

Killeen 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 August 24, 2026.

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

1508 Bowie Ct

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Killeen, TX

More Luxury Homes in Killeen

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