About This Home

Modern in design with an open concept floor plan in Cherry Creek. This highly sought after South Austin neighborhood is known for its Oak Tree shaded streets and laidback charm. Great for entertaining with an updated center island kitchen that opens onto the covered outdoor living space. Recent upgrades include the primary bathroom, window coverings, CACH, garage door, landscaping and privacy fence. Refrigerator, washer & dryer convey. Easy access to area schools, shopping and dining.

At $389/sqft, this home is priced in line with the Austin market average of $392/sqft across 4,455 active listings. View Austin market report →

Location

2603 Burly Oak Dr, Austin, TX 78745

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Property Details

Price $599,000

Status Active Listing

Beds 4

Full Baths 3

Half Baths ,

Living Area 1,538 sqft

Lot Size 0.16 acres (7,113.35 sqft)

Year Built 1979

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cherry Creek

County Travis

Zip Code 78745

$/sqft $389/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $11,468

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT249022540

List Date October 6, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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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

2512 McGregor Dr
Village Sec 05 $599,000 $459 3 bd / 2 ba 1,306 sqft , 2026-10-02

7402 Gaines Mill Ln
Southwest Oaks Ph 02 $595,000 $291 3 bd / 2 ba 2,042 sqft , 2026-07-14

7308 Eganhill Dr
Cherry Creek Ph 04 Sec 02 $587,500 $417 3 bd / 2 ba 1,410 sqft , 2026-09-18

7901 SEMINARY RIDGE Dr
Cherry Creek Ph 07 Sec 03 $585,000 $359 4 bd / 2 ba 1,629 sqft , 2026-09-10

7336 Gaines Mill Ln
Southwest Oaks $575,000 $313 3 bd / 3 ba 1,836 sqft , 2026-07-31

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

$2,875/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

$119,800

20% conventional investment loan

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

Estimated Gross Rent+$2,875

Principal + Interest−$3,269

Property Tax (~2.1% TX avg)−$1,048

Insurance (~0.5%)−$250

Est. Monthly Cash Flow $-1,692

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 October 8, 2026.

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

2603 Burly Oak Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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