Active Listing  ·  5 days on market

5307 King Henry Dr

Austin, TX 78724
$310,000
3 Bed 2 Bath 1,116 sqft $278/sqft Built 1975 0.14 acres Pool Cavalier Park Sec 03

Everyday comfort and charm in East Austin!

Welcome to 5307 King Henry Drive, where character meets modern updates. This beautifully refreshed three-bedroom, two-bathroom home welcomes you with curb appeal, featuring a painted brick exterior, warm cedar accents, and a covered front porch. A large magnolia tree out front provides shade and lovely blooms in season.

Inside, you'll find a warm and inviting floor plan with wood flooring and a living area designed for comfortable everyday living. The updated kitchen is a standout, showcasing green cabinetry, granite countertops, stainless steel appliances, a gas range, open shelving, and a bright dining area overlooking the backyard.

The generously sized backyard offers plenty of space to relax, garden, entertain, or create your own outdoor retreat. Whether you're enjoying a quiet evening on the patio or hosting friends and family, this outdoor space is full of possibilities.

Major improvements include a new roof, siding, windows, fresh interior paint, remodeled bathrooms, hardwood & cork flooring, tankless water heater, updated electrical panel, HVAC ductwork, extensive drywall resurfacing, sewer line repairs, and added insulation for improved energy efficiency.

Conveniently located just minutes from Downtown and East Austin, Tesla, Austin-Bergstrom International Airport, major highways, shopping, dining, and parks, this move-in-ready home offers the perfect balance of style, comfort, and accessibility. Don't miss your opportunity to own this beautifully updated Austin gem!

At $278/sqft, this home is 29% 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

5307 King Henry Dr, Austin, TX 78724

Property Details

Price $310,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,116 sqft
Lot Size 0.14 acres (6,063.55 sqft)
Year Built 1975
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Cavalier Park Sec 03
County Travis
Zip Code 78724
$/sqft $278/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $5,034.91
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240951343
List Date July 30, 2026
Elementary School Norman-Sims
Middle School Kealing
High School Lyndon B Johnson (Austin ISD)
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
110 W Garrett Run
Western Trails Of Quail Creeks
$310,000 $218 3 bd / 2 ba 1,420 sqft , 2026-03-19
2801 Rio Grande St #203
Parapet Condo
$310,000 $373 2 bd / 2 ba 832 sqft , 2026-04-04
7407 Grand Linden Way
Easton Park
$310,000 $207 2 bd / 3 ba 1,495 sqft , 2026-07-09
1121 Peggotty Pl
Copperfield Sec 02-D
$309,999 $285 3 bd / 2 ba 1,086 sqft , 2026-04-16
10600 N Platt River Dr
Texas Oaks Sec 09
$309,900 $258 3 bd / 2 ba 1,203 sqft , 2026-04-19

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
$1,488/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
$62,000
20% conventional investment loan

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

Estimated Gross Rent+$1,488
Principal + Interest−$1,692
Property Tax (~2.1% TX avg)−$543
Insurance (~0.5%)−$129
Est. Monthly Cash Flow $-876

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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