About This Home

Charming South Austin cottage with cheerful curb appeal and inviting living spaces! Featuring a light-filled interior, spacious kitchen with stainless steel appliances, and a spacious primary suite. Enjoy a welcoming front porch, private fenced yard, and delightful outdoor spaces perfect for relaxing or entertaining. Full of character and conveniently located minutes from the vibrant South Congress district and downtown Austin!

At $392/sqft, this home is priced in line with the Austin market average of $390/sqft across 4,186 active listings. View Austin market report →

Location

4413 Merle Dr #1, Austin, TX 78745

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Property Details

Price $450,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths ,

Living Area 1,149 sqft

Lot Size 0.13 acres (5,662.8 sqft)

Year Built 1950

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Ford Place 01

County Travis

Zip Code 78745

$/sqft $392/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT251378284

List Date October 31, 2026

Elementary School Joslin

Middle School Covington

High School Crockett

School District Austin ISD

School District

Austin ISD

Joslin · Covington · Crockett

Have Questions About This Property?

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.

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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

1406 Camelot Cir #1
Greenwood Forest Sec 02 $449,000 $406 3 bd / 2 ba 1,106 sqft , 2026-10-10

4025 Valley View Rd #2
Hancock Estates $439,900 $403 2 bd / 2 ba 1,091 sqft , 2026-03-18

3809 Valley View Rd #19
Valley View Sub $435,000 $418 2 bd / 2 ba 1,040 sqft , 2026-08-21

1600 Grayford Dr
Southridge West $465,000 $397 3 bd / 1 ba 1,171 sqft , 2026-09-02

1402 Camelot Cir
Greenwood Forest Sec 02 $425,000 $442 3 bd / 1 ba 962 sqft , 2026-05-01

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

$2,160/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

$90,000

20% conventional investment loan

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

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (assumed ~2.1%)−$788

Insurance (assumed ~0.5%)−$188

Est. Monthly Cash Flow $-1,272

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 · 41 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. The written content was last updated on November 3, 2026.

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

4413 Merle Dr #1

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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