About This Home

Investor / handyman special! Awesome location, great lot, awesome bones. Needs work. Seller will consider all offers. Sold as/is.

At $239/sqft, this home is 39% 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

5400 Salem Walk Dr, Austin, TX 78745

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Property Details

Price $319,900

Status Active Listing

Beds 3

Full Baths 1

Half Baths 1

Living Area 1,338 sqft

Lot Size 0.34 acres (14,753.77 sqft)

Year Built 1972

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Salem Walk Sec 01

County Travis

Zip Code 78745

$/sqft $239/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $7,981

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT241382752

List Date July 31, 2026

Elementary School Odom

Middle School Bedichek

High School Crockett

School District ,

Have Questions About This Property?

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.

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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

6711 West Gate Blvd #B
Cherry Creek Ph 06 Sec 05 $319,900 $305 3 bd / 2 ba 1,050 sqft , 2026-04-28

3601 Menchaca Rd #118
Sanctuary $319,900 $352 2 bd / 2 ba 908 sqft , 2026-05-21

7903 Sutcliffe Dr
Ep Residential Condos $319,900 $208 3 bd / 3 ba 1,541 sqft , 2026-07-10

12000 Ellena Cv
Cloverleaf $319,990 $231 3 bd / 2 ba 1,388 sqft , 2026-06-01

1442 Sir Thopas Trl
CANTERBURY TRAILS SEC V $319,995 $225 3 bd / 3 ba 1,422 sqft , 2026-04-22

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

$1,536/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

$63,980

20% conventional investment loan

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

Estimated Gross Rent+$1,536

Principal + Interest−$1,746

Property Tax (~2.1% TX avg)−$560

Insurance (~0.5%)−$133

Est. Monthly Cash Flow $-903

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

5400 Salem Walk Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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