Active Listing  ·  30 days on market

606 Spanish Mustang Dr

Cedar Park, TX 78613
$790,000
4 Bed 4 Bath 3,115 sqft $254/sqft Built 2013 0.14 acres 2-Car Garage Pool Ranch At Brushy Creek

Investor Special!!! Welcome to your next turnkey investment in the highly sought-after Ranch at Brushy Creek neighborhood in Cedar Park! Already leased for two years, this property offers guaranteed immediate income on a stunning, EAST-FACING 4 bedroom, 3.5 bath home. The versatile floor plan features easy-care tile downstairs and elegant wood flooring across most of the upper level. On the main floor, you'll find a serene Primary Suite with dual vanities and a spacious walk-in closet, alongside formal dining and a light-filled open-concept kitchen and living area with sleek countertops and ample storage. Upstairs offers a guest suite, a large game room, and a dedicated media room fully equipped with a projector and built-in speakers. Outdoor living is a breeze with surround sound extending onto the covered back patio and low-maintenance artificial turf in the backyard—eliminating lawn mowing and saving on water. Located in esteemed Round Rock ISD with quick access to top-rated schools, parks, jogging trails, and everything Cedar Park, Leander, and North Austin have to offer. This is a rare, hands-off opportunity you don't want to miss!

At $254/sqft, this home is priced 13% above the Cedar Park active market average of $225/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

606 Spanish Mustang Dr, Cedar Park, TX 78613

Property Details

Price $790,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths 1
Living Area 3,115 sqft
Lot Size 0.14 acres (6,067.91 sqft)
Year Built 2013
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Ranch At Brushy Creek
County Williamson
Zip Code 78613
$/sqft $254/sqft
Days on Market ,
HOA $300/Quarterly
Annual Tax Est. $13,310.7
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241811098
List Date September 8, 2026
Elementary School Patsy Sommer
Middle School Walsh
High School Round Rock
School District ,

Luke Allen (TREC #788149) has deep knowledge of Cedar Park 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 Cedar Park

Comparable Listings Right Now

Homes currently for sale in Cedar Park 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
114 Saddle Ridge Dr N
The Ranch at Brushy Creek
$789,000 $228 4 bd / 3 ba 3,460 sqft , 2026-05-27
4201 Galiceno None
Ranch Brushy Crk Sec 7c
$799,000 $234 5 bd / 4 ba 3,414 sqft , 2026-08-13
401 Spanish Mustang Dr
Ranch At Brushy Creek Sec 7C
$799,990 $205 5 bd / 4 ba 3,900 sqft , 2026-04-30
705 S Frontier Ln
Ranch At Brushy Creek Sec 01
$777,000 $237 4 bd / 3 ba 3,279 sqft , 2025-10-28
520 Acadia Bnd
Park At Brushy Creek
$775,000 $241 4 bd / 3 ba 3,210 sqft , 2026-07-27

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
$3,792/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
$158,000
20% conventional investment loan

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

Estimated Gross Rent+$3,792
Principal + Interest−$4,311
Property Tax (~2.1% TX avg)−$1,383
Insurance (~0.5%)−$329
Est. Monthly Cash Flow $-2,231

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 Cedar Park, TX

Cedar Park sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Apple Campus (Domain) 20 min SE
Dell Technologies HQ 15 min E
Samsung Austin Semiconductor 25 min SE
Tesla Gigafactory 40 min SE

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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 September 9, 2026.

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