About This Home

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At $296/sqft, this home is 24% 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

2112 Waterway Bnd, Austin, TX 78728

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Property Details

Price $420,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,421 sqft

Lot Size 0.14 acres (6,268.28 sqft)

Year Built 1985

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Wells Branch Ph E Sec 01

County Travis

Zip Code 78728

$/sqft $296/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,868.61

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT222413392

List Date March 13, 2026

Elementary School Joe Lee Johnson

Middle School Deerpark

High School McNeil

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

2012 Castle View Dr
Wells Branch Ph B Sec 03 $425,000 $249 3 bd / 2 ba 1,707 sqft , 2026-09-04

14607 Sandy Side Dr
Wells Branch Ph B Sec 01 $429,000 $237 3 bd / 2 ba 1,810 sqft , 2026-09-18

2107 Warfield Way
Wells Branch Ph C Sec 01 $389,000 $254 3 bd / 2 ba 1,531 sqft , 2026-09-16

1637 Gaylord Dr
Wells Branch Ph 10 Sec 03 $385,000 $230 4 bd / 3 ba 1,673 sqft , 2026-09-10

2803 Mary Elizabeth Dr
Bratton Hill Condo $379,000 $211 3 bd / 3 ba 1,798 sqft , 2026-08-30

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

$2,016/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

$84,000

20% conventional investment loan

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

Estimated Gross Rent+$2,016

Principal + Interest−$2,292

Property Tax (~2.1% TX avg)−$735

Insurance (~0.5%)−$175

Est. Monthly Cash Flow $-1,186

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 September 23, 2026.

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

2112 Waterway Bnd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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