Active Listing  ·  8 days on market

5408 King Henry Dr

Austin, TX 78724
$299,990
3 Bed 2 Bath 1,201 sqft $250/sqft Built 1984 0.14 acres 2-Car Garage Pool Cavalier Park Sec 03

Welcome to **5408 King Henry Dr**, a 3-bedroom, 2-bath home offering **1,201 sq. ft. of living space and a true 2-car garage** in an established East Austin neighborhood. The home has received several updates while still offering an opportunity for the next owner to add their own style and finishing touches. The functional single-story layout provides comfortable living spaces, while the two-car garage offers valuable parking, storage, or workspace—a feature not commonly found among nearby homes where garages have been converted. Conveniently located with easy access to US-183, downtown Austin, major employers, dining, shopping, and entertainment. Whether you're looking for a place to call home or a property with future improvement potential, this one offers a great combination of space, functionality, and location at an approachable price point.

At $250/sqft, this home is 36% 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

5408 King Henry Dr, Austin, TX 78724

Property Details

Price $299,990
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,201 sqft
Lot Size 0.14 acres (6,281.35 sqft)
Year Built 1984
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Cavalier Park Sec 03
County Travis
Zip Code 78724
$/sqft $250/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $7,093.65
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT243474176
List Date August 14, 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
4801 Springdale Rd #2309
Gravity ATX Condos
$299,900 $291 2 bd / 2 ba 1,031 sqft , 2026-08-06
1811 Webberville Rd #1209
East Grove Condominiums
$299,000 $286 2 bd / 2 ba 1,045 sqft , 2026-05-27
1811 Webberville Rd #1307
East Grove Condominiums
$309,000 $296 2 bd / 2 ba 1,043 sqft , 2026-08-20
5307 King Henry Dr
Cavalier Park Sec 03
$310,000 $278 3 bd / 2 ba 1,116 sqft , 2026-07-30
5613 Signal Pt
Meadows At Trinity Crossing Ph
$275,000 $255 3 bd / 2 ba 1,080 sqft , 2026-05-24

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
$1,440/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
$59,998
20% conventional investment loan

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

Estimated Gross Rent+$1,440
Principal + Interest−$1,637
Property Tax (~2.1% TX avg)−$525
Insurance (~0.5%)−$125
Est. Monthly Cash Flow $-847

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

More Luxury Homes in Austin

Loading…
View All Luxury Homes →
About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 18, 2026.

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