About This Home

Remodeled, impeccably maintained one-bedroom condo in the heart of South Austin. New interior paint, flooring, kitchen appliances, and updated bath fixtures leaving nothing left to do but move in. Refrigerator plus in-unit washer and dryer convey. Turnkey, low-maintenance, and easy access to ABIA, I-35, and Hwy 71. Situated on a quiet street with ample mature trees just minutes from South Congress, St. Elmo, Central Market, Leroy & Lewis, Jo's Coffee, and more.

At $260/sqft, this home is 34% 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

5215 Saint Georges Grn #B, Austin, TX 78745

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Property Details

Price $160,000

Status Active Listing

Beds 1

Full Baths 1

Half Baths ,

Living Area 616 sqft

Lot Size 0.04 acres (1,855.66 sqft)

Year Built 1982

Garage ,

Stories ,

Type Residential · Condominium

Subdivision Deer Park

County Travis

Zip Code 78745

$/sqft $260/sqft

Days on Market ,

HOA $90/Monthly

Annual Tax Est. $3,045.68

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242554150

List Date August 6, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

Have Questions About This Property?

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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

$768/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

$32,000

20% conventional investment loan

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

Estimated Gross Rent+$768

Principal + Interest−$873

Property Tax (~2.1% TX avg)−$280

Insurance (~0.5%)−$67

Est. Monthly Cash Flow $-452

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 26, 2026.

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

5215 Saint Georges Grn #B

Location

Property Details

Rental Income Potential

Major Employers Near Austin, TX

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