About This Home

Prime location just minutes from Mueller and Downtown Austin! Spacious 4-bedroom home with an open-concept layout, great curb appeal, and a large corner lot. The home needs some updating but has great bones and plenty of potential to become move-in ready. A fantastic opportunity to create a home tailored to your style in a highly desirable location.

At $278/sqft, this home is 29% 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

5407 Tipton Dr, Austin, TX 78723

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Property Details

Price $519,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,870 sqft

Lot Size 0.33 acres (14,161.36 sqft)

Year Built 1967

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Preswyck Hills Sec 04

County Travis

Zip Code 78723

$/sqft $278/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,722.51

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT248559550

List Date October 1, 2026

Elementary School Pecan Springs

Middle School Lamar (Austin ISD)

High School Northeast Early College

School District ,

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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

5304 Basswood Ln
Windsor Park Hills Sec 07 $529,000 $361 3 bd / 2 ba 1,464 sqft , 2026-07-24

5408 Jason Dr
Park/Fifty One East Condos $529,000 $252 4 bd / 3 ba 2,099 sqft , 2026-09-10

5503 Manor Rd
Manor Hill Sec 02 $500,000 $242 3 bd / 2 ba 2,063 sqft , 2026-04-10

3001 Maplelawn Cir
Cherrylawn Sec 02 $500,000 $236 5 bd / 3 ba 2,116 sqft , 2026-09-30

6905 Tulane Dr
Riverbend Sec 03c At University Hills $499,000 $322 3 bd / 2 ba 1,548 sqft , 2026-07-01

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

$2,491/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

$103,800

20% conventional investment loan

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

Estimated Gross Rent+$2,491

Principal + Interest−$2,832

Property Tax (~2.1% TX avg)−$908

Insurance (~0.5%)−$216

Est. Monthly Cash Flow $-1,465

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 October 2, 2026.

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

5407 Tipton Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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