About This Home

Charming condo with one of the lowest HOA rates in the heart of 78704! This 1-bedroom, 1-bath residence offers an efficient 563-square-foot layout with a cozy living room fireplace, private balcony, and assigned parking. Conveniently located near South Lamar, South Congress, downtown Austin, dining, shopping, and major commuter routes. A great opportunity for an owner-occupant, investor, or anyone seeking a low-maintenance home in one of Austin’s most desirable areas.

Monthly HOA includes water. HVAC installed 10.03.2025 and has a warranty until 10.03.35.

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

3744 VALLEY VIEW Rd #C, Austin, TX 78704

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Property Details

Price $185,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 563 sqft

Lot Size ,

Year Built 1980

Garage ,

Stories ,

Type Residential · Condominium

Subdivision SLEEPY HOLLOW PHS II

County Travis

Zip Code 78704

$/sqft $329/sqft

Days on Market ,

HOA $180/Monthly

Annual Tax Est. $3,932

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238462611

List Date July 2, 2026

Elementary School Joslin

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

3204 Menchaca Rd #303
Ivy 78704 Condo Amd The $179,999 $429 1 bd / 1 ba 420 sqft , 2026-05-04

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

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

3627 Menchaca Rd #105
Austin Rivertree Condo $165,000 $288 1 bd / 1 ba 573 sqft , 2026-08-21

3204 Menchaca Rd #704
Ivy 78704 Condo Amd The $150,000 $288 1 bd / 1 ba 520 sqft , 2026-05-19

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

$888/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

$37,000

20% conventional investment loan

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

Estimated Gross Rent+$888

Principal + Interest−$1,010

Property Tax (~2.1% TX avg)−$324

Insurance (~0.5%)−$77

Est. Monthly Cash Flow $-523

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 August 21, 2026.

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

3744 VALLEY VIEW Rd #C

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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