Active Listing  ·  234 days on market

405 Thistlewood Dr

Austin, TX 78745
$375,000
4 Bed 2 Bath 2,037 sqft $184/sqft Built 1970 0.17 acres Pool Community Fairview Sec 04

Estate Sale | Investor Opportunity | Priced to Sell. Estate sale opportunity with strong upside for the right buyer. This 2,063 sq ft (per tax records) home offers 4 bedrooms and 2 bathrooms with a functional layout and solid potential. Tenant occupied—showings are limited and subject to tenant cooperation. Property is being sold as-is. A foundation repair bid of approximately $9,000 is available for review. Home is priced intentionally below market to reflect condition, tenancy, and needed improvements. Ideal for investors or buyers seeking a value-add opportunity who understand how to look past current presentation. Not a turnkey home. Priced for a quick sale.

At $184/sqft, this home is 53% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

405 Thistlewood Dr, Austin, TX 78745

Property Details

Price $375,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 2,037 sqft
Lot Size 0.17 acres (7,261.45 sqft)
Year Built 1970
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Community Fairview Sec 04
County Travis
Zip Code 78745
$/sqft $184/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,524.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT214065495
List Date December 13, 2025
Elementary School St Elmo
Middle School Bedichek
High School Travis
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

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
102 Skyloop Dr
Buckingham Ridge Sec 01
$375,000 $262 3 bd / 2 ba 1,433 sqft , 2026-03-26
12903 Steeple Chase Dr
Milwood Sec 28
$375,000 $216 4 bd / 3 ba 1,740 sqft , 2026-04-18
2306 Alimony Cv
Scofield Farms Ph 02 Sec 01
$375,000 $272 3 bd / 2 ba 1,377 sqft , 2026-04-13
9314 Cattle Baron Path
Goodnight Ranch
$375,000 $245 3 bd / 3 ba 1,533 sqft , 2025-12-03
7516 Saginaw Dr
Bellingham Mdws Ph 2 Sec 2
$375,000 $201 3 bd / 3 ba 1,864 sqft , 2026-04-29

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
$1,800/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
$75,000
20% conventional investment loan

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

Estimated Gross Rent+$1,800
Principal + Interest−$2,047
Property Tax (~2.1% TX avg)−$656
Insurance (~0.5%)−$156
Est. Monthly Cash Flow $-1,059

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

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