About This Home

NEW FLOORS, NEW CARPETS, NEW BATH.....This well-maintained home sits on a desirable corner lot and offers thoughtful upgrades throughout. Enjoy peace of mind with a new ROOF installed in 2020 and an HVAC system updated in 2022, along with fully paid-off SOLAR PANELS that help keep energy costs low. The spacious backyard is perfect for relaxing or entertaining, featuring a custom-built pergola and a brand-new storage shed.

At $226/sqft, this home is 42% 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

5501 English Ave, Austin, TX 78724

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Property Details

Price $299,990

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,326 sqft

Lot Size 0.19 acres (8,189.28 sqft)

Year Built 2003

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Forest Bluff Sec 02

County Travis

Zip Code 78724

$/sqft $226/sqft

Days on Market ,

HOA $35/Monthly

Annual Tax Est. $363

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT221903826

List Date March 12, 2026

Elementary School Gilbert

Middle School Dailey

High School Del Valle

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

3709 Tower View Ct
Manor Hill $299,990 $338 2 bd / 1 ba 888 sqft , 2025-08-13

8211 Springsteen Dr
Ep Residential Condos $299,990 $271 2 bd / 3 ba 1,108 sqft , 2026-03-09

3401 Thomas Kincheon St
Oak Plantations $299,990 $335 3 bd / 1 ba 896 sqft , 2026-07-31

1416 Bichon Bnd
Smithfield $299,999 $192 3 bd / 3 ba 1,565 sqft , 2026-03-04

1202 Newning Ave #311
Madrid $299,999 $271 2 bd / 1 ba 1,107 sqft , 2025-05-29

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

5501 English Ave

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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