Active Listing  ·  47 days on market

15504 Enid Dr

Austin, TX 78734
$435,000
3 Bed 2 Bath 2,220 sqft $196/sqft Built 1980 0.22 acres Pool Travis Landing 02 Ph 05

Turnkey investment opportunity with an established tenant already in place! This property offers immediate rental income without the hassle of finding a tenant, making it an excellent addition to an investment portfolio.

Located on a quiet short street in the heart of Hudson Bend and within highly acclaimed Lake Travis ISD, this unique property is just minutes from Lake Travis, multiple marinas, waterfront dining, and all the recreation the area is known for. Its desirable location continues to attract strong rental demand.

The two-story home features separate exterior access to both levels, creating a versatile floor plan that appeals to a variety of tenants. Inside, you'll find 3 bedrooms, 2 updated full bathrooms, a spacious eat-in kitchen, and a huge downstairs flex room that can serve as a media room, game room, home office, fitness area, or additional living space.

Outdoor amenities include a large wraparound deck with multiple entertaining areas, a covered attached carport with ample room for vehicles or boat parking, and a large detached shop/storage building that adds even more value and functionality.

Whether you're expanding your rental portfolio or looking for a property that generates income from closing day while offering long-term appreciation potential in the rapidly growing Lake Travis market, this Hudson Bend investment is well positioned to deliver both immediate cash flow and future upside.

At $196/sqft, this home is 50% 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

15504 Enid Dr, Austin, TX 78734

Property Details

Price $435,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,220 sqft
Lot Size 0.22 acres (9,374.11 sqft)
Year Built 1980
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Travis Landing 02 Ph 05
County Travis
Zip Code 78734
$/sqft $196/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,422.63
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242591103
List Date August 6, 2026
Elementary School Lake Travis
Middle School Hudson Bend
High School Lake Travis
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
15602 Cedar Ledge St
Travis Landing
$479,000 $328 3 bd / 2 ba 1,462 sqft , 2026-07-31
5001 Pryor Ln
Travis Landing 02 Ph 05
$499,900 $286 3 bd / 2 ba 1,750 sqft , 2026-05-29
15711 La Hacienda Dr
La Hacienda Estates Sec 02
$524,400 $334 4 bd / 3 ba 1,568 sqft , 2026-05-18

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
$2,088/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
$87,000
20% conventional investment loan

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

Estimated Gross Rent+$2,088
Principal + Interest−$2,374
Property Tax (~2.1% TX avg)−$761
Insurance (~0.5%)−$181
Est. Monthly Cash Flow $-1,228

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 7, 2026.

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