Active Listing  ·  149 days on market

5003 Heflin Ln

Austin, TX 78721
$380,000
2 Bed 1 Bath 720 sqft $528/sqft Built 1957 0.25 acres Pool Flournoy & Jones 04 Sec 01

This home is on a very large lot and is most likely a tear down. Multiple homes can be built on these lots. The location is amazing! Beautiful view of downtown. Please go over and check out this property. Either fix up the house or build new ones.

At $528/sqft, this home is priced 35% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

5003 Heflin Ln, Austin, TX 78721

Property Details

Price $380,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 720 sqft
Lot Size 0.25 acres (10,994.54 sqft)
Year Built 1957
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Flournoy & Jones 04 Sec 01
County Travis
Zip Code 78721
$/sqft $528/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,251.94
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT221680048
List Date March 8, 2026
Elementary School Sims
Middle School Garcia
High School Northeast Early College
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
2508 Enfield Rd #8
Enfield Challenge Condo
$380,000 $391 2 bd / 3 ba 971 sqft , 2026-04-23
1741 Spyglass Dr #1-127
One Barton Place Condo
$380,000 $425 2 bd / 2 ba 894 sqft , 2026-05-07
6409 Del Monte Rd
Mohle Add
$380,000 $427 2 bd / 1 ba 890 sqft , 2026-06-09
800 Brazos St #1105
Brazos Place Condo Amd
$380,000 $426 1 bd / 1 ba 891 sqft , 2026-07-08
1900 Barton Springs Rd #3040
Zilkr On the Park Condominium
$378,000 $426 1 bd / 1 ba 887 sqft , 2026-05-03

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
$1,824/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
$76,000
20% conventional investment loan

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

Estimated Gross Rent+$1,824
Principal + Interest−$2,074
Property Tax (~2.1% TX avg)−$665
Insurance (~0.5%)−$158
Est. Monthly Cash Flow $-1,073

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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