About This Home

Updated and leased through 6/30/27 at $920, this beautifully renovated unit offers strong investment potential in a well-maintained, gated community. Located in a prime spot within the complex, the condo features stylish hard tile flooring, wood floors in the bedroom, new granite tile countertops, updated kitchen cabinets, a new microwave and dishwasher, and a fully remodeled bathroom. Enjoy a spacious walk-in closet, additional storage on the private patio, and access to community amenities including a pool, BBQ area, and pet facilities. Conveniently located near public transportation for easy commuting.

At $329/sqft, this home is 16% 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

3018 1st St #109, Austin, TX 78704

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Property Details

Price $189,900

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 578 sqft

Lot Size 0.04 acres (1,524.6 sqft)

Year Built 1978

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Loft Condo Amd The

County Travis

Zip Code 78704

$/sqft $329/sqft

Days on Market ,

HOA $350/Monthly

Annual Tax Est. $4,306.72

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT202439684

List Date July 18, 2025

Elementary School Dawson

Middle School Lively

High School Travis

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

3018 S 1st St #205
Loft Condo Amd The $195,000 $345 1 bd / 1 ba 565 sqft , 2026-07-22

4307 S 1st St #108
Pharo Condo $200,000 $337 1 bd / 1 ba 594 sqft , 2026-08-21

4307 S 1st St #206
Pharo Condo $175,000 $295 1 bd / 1 ba 594 sqft , 2026-08-15

2302 East Side Dr #6
Travis Heights Terrace Condomi $210,000 $436 1 bd / 1 ba 482 sqft , 2026-07-06

2303 E Side Dr #201
Creekside Terrace Condo $219,000 $324 1 bd / 1 ba 676 sqft , 2026-08-13

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

$912/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

$37,980

20% conventional investment loan

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

Estimated Gross Rent+$912

Principal + Interest−$1,036

Property Tax (~2.1% TX avg)−$332

Insurance (~0.5%)−$79

Est. Monthly Cash Flow $-535

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 July 15, 2026.

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

3018 1st St #109

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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