About This Home

The Garner plan is a fantastic plan here in Cascades at Onion Creek. Located in Austin, it is the perfect one story floor plan. It features 3 bedrooms and 2 bathrooms just over 1500 square feet. The home features spacious living, 10' ceilings and a large kitchen island. The master bath feature both a shower a soaking tub with lots of natural light.

At $235/sqft, this home is 40% 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

4600 Lava Island Dr, Austin, TX 78747

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Property Details

Price $364,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,553 sqft

Lot Size 0.14 acres (5,950.3 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cascades at Onion Creek

County Travis

Zip Code 78747

$/sqft $235/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction Yes

MLS # ACT242414671

List Date August 5, 2026

Elementary School Blazier

Middle School Paredes

High School Akins

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

12023 Sagrada St
Creekside at Estancia $364,878 $205 3 bd / 3 ba 1,780 sqft , 2025-08-27

11913 Murano Dr
Cloverleaf $363,990 $202 3 bd / 3 ba 1,805 sqft , 2026-06-01

11808 DILLON FALLS Dr
Cascades/Onion Crk East Ph 1 $360,000 $213 3 bd / 2 ba 1,690 sqft , 2026-06-27

12004 Russo Dr
Cloverleaf $359,990 $227 4 bd / 2 ba 1,587 sqft , 2026-06-01

11909 Murano Dr
Cloverleaf $356,535 $257 3 bd / 2 ba 1,388 sqft , 2026-06-01

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

$1,752/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

$72,998

20% conventional investment loan

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

Estimated Gross Rent+$1,752

Principal + Interest−$1,992

Property Tax (~2.1% TX avg)−$639

Insurance (~0.5%)−$152

Est. Monthly Cash Flow $-1,031

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 17, 2026.

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

4600 Lava Island Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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