About This Home

Leased from August 1, 2025 through July 31, 2026 at $1,450 per month and from August 1, 2026 through July 31, 2027 at $1,475 per month, this spacious North Campus one bedroom, one bathroom condo offers an excellent investment opportunity with reliable income in place. The unit features a large, inviting living area, an open-concept kitchen ideal for entertaining, and covered garage parking for added convenience. Residents enjoy access to beautifully maintained common grounds, including a pool and hot tub, all in a highly desirable location close to campus, dining, and shopping.

At $372/sqft, this home is 5% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3001 Cedar St #209, Austin, TX 78705

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Property Details

Price $254,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 685 sqft

Lot Size 0.02 acres (666.47 sqft)

Year Built 1985

Garage 1 spaces

Stories ,

Type Residential · Condominium

Subdivision Benchmark Condo Amd

County Travis

Zip Code 78705

$/sqft $372/sqft

Days on Market ,

HOA $300/Monthly

Annual Tax Est. $4,976.38

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT223089904

List Date April 1, 2026

Elementary School Lee

Middle School Kealing

High School McCallum

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

3004 Speedway Ave #2
Gateway Condo $254,900 $455 1 bd / 1 ba 560 sqft , 2026-04-01

2210 Pearl St #304
Pearl At 22 01 02 Condo $255,000 $497 2 bd / 1 ba 513 sqft , 2026-01-07

708 Graham Pl #101
Graham Place Condo Amd $255,000 $348 2 bd / 1 ba 732 sqft , 2026-03-16

1800 Lavaca St #A508
Greenwood Towers Amd $259,000 $302 2 bd / 1 ba 857 sqft , 2026-04-18

1304 Mariposa Dr #206
Travis Green Condo $259,000 $322 2 bd / 1 ba 804 sqft , 2026-03-22

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

$1,224/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

$50,980

20% conventional investment loan

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

Estimated Gross Rent+$1,224

Principal + Interest−$1,391

Property Tax (~2.1% TX avg)−$446

Insurance (~0.5%)−$106

Est. Monthly Cash Flow $-719

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

3001 Cedar St #209

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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