Active Listing  ·  18 days on market

5001 Cana Cv #B

Austin, TX 78749
$350,000
2 Bed 2 Bath 1,033 sqft $339/sqft Built 1983 0.24 acres 1-Car Garage Pool Westcreek Ph 04

Ask me about a $17,500 in grant money for qualified buyers using preferred lender.

AFFORDABLE WESTCREEK CONDO WITH A SINGLE-FAMILY HOME FEEL! The home features a private fenced backyard, attached one-car garage, and a recently rebuilt second-floor balcony—providing excellent indoor and outdoor living space. The property has undergone extensive improvements in the past few years including a new roof, HVAC system, maple wood kitchen cabinetry, interior and exterior paint, popcorn ceiling removal, quartz countertops throughout, new carpet, updated tile in the kitchen, laundry area and bathrooms. 2026 upgrades include a new shower and bathtub

(transferable lifetime warranty) from West Home Shores, a new front door, updated light fixtures, faucets and new attic insulation. The location is hard to beat. Enjoy convenient access to Mopac and Highway 290, with downtown Austin less than 8 miles away. Outdoor enthusiasts will appreciate being within walking distance of Patton Elementary and the Westcreek Greenway hiking trails. Daily conveniences are also just minutes away, with easy access to HEB, Whole Foods, Target, Walmart, and a wide variety of restaurants and local favorites, including Torchy’s Tacos, Via 313, Kerbey Lane Cafe, Chuy’s, Juiceland, and many more. With its extensive updates, private outdoor yard, attached garage, and convenient Westcreek location, this home offers an exceptional opportunity to enjoy the Austin lifestyle at an attractive price point.

At $339/sqft, this home is 13% 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

5001 Cana Cv #B, Austin, TX 78749

Property Details

Price $350,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths 1
Living Area 1,033 sqft
Lot Size 0.24 acres (10,306.3 sqft)
Year Built 1983
Garage 1 spaces
Stories ,
Type Residential · Condominium
Subdivision Westcreek Ph 04
County Travis
Zip Code 78749
$/sqft $339/sqft
Days on Market ,
HOA $204/Monthly
Annual Tax Est. ,
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT245667936
List Date September 21, 2026
Elementary School Patton
Middle School Small
High School Austin
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
4620 W William Cannon Dr #24
Westcreek Ranch Condo Amd Ph
$369,000 $283 2 bd / 3 ba 1,304 sqft , 2026-08-06
6801 Beckett Rd #143L
Cottage Court Condominiums
$325,000 $335 2 bd / 2 ba 970 sqft , 2026-07-21
6501 Brush Country Rd #109
Westcreek Landing Condo
$275,000 $223 2 bd / 2 ba 1,232 sqft , 2026-09-01

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
$1,680/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
$70,000
20% conventional investment loan

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

Estimated Gross Rent+$1,680
Principal + Interest−$1,910
Property Tax (~2.1% TX avg)−$613
Insurance (~0.5%)−$146
Est. Monthly Cash Flow $-989

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 September 28, 2026.

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