Active Listing  ·  161 days on market

6407 Cannonleague Dr

Austin, TX 78745
$404,900
3 Bed 2 Bath 1,312 sqft $309/sqft Built 1972 0.25 acres 2-Car Garage Pool Manchaca Estates Amd

$95K below tax value. Home has aluminum wiring and seller is having a complete service upgrade done. adding GFCI , grounding rod and water bond and gas bond, and adding cord for dishwasher /disposal under kitchen sink. Work to be completed about first week of September. This home is in good shape but has a funky floor plan. One bedroom down and two up. One bathroom down opens to hall not in bedroom. Looks like you could easily add a 1/2 bathroom in garage space and enclose the utility area too. New city small lot rules posted in MLS. Looks like 3 homes would be allowed or more if you condo regime. Many others in area are building two or more homes on this same size lot. WE are at rock bottom! Seller will pay title, has new survey on file and will provide a home warranty at list. The guy to the left is very old and very messy. Across the street Condo regime, looks like single family homes sold for $700k and up. This home has Hardy siding, recent exterior paint and a recent 30-year dimensional shingle roof. Recent carpet in bedroom and laminate in public areas and hard tile in bathrooms. Others in area have goats and chickens and pony, not sure if it is allowed here or not. Close in location Manchaca and Berkley. Take off half the garage and make a driveway to the back or maybe move the ac on the left and enter there.

At $309/sqft, this home is 21% 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

6407 Cannonleague Dr, Austin, TX 78745

Property Details

Price $404,900
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,312 sqft
Lot Size 0.25 acres (10,890 sqft)
Year Built 1972
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Manchaca Estates Amd
County Travis
Zip Code 78745
$/sqft $309/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,040.92
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT220273904
List Date March 16, 2026
Elementary School Cunningham
Middle School Covington
High School Crockett
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.

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · March 16, 2026 $499,900
Previous ask $400,000
Current ask $404,900
Reduced $95,000 (-19.0%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

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
2604 Cockburn Dr
Village Sec 06
$400,000 $326 3 bd / 2 ba 1,226 sqft , 2026-03-13
6800 Menchaca Rd #13
Soma Village Condos
$399,900 $259 2 bd / 3 ba 1,542 sqft , 2026-04-21
1805 Fair Oaks Dr
Deer Park Sec 01
$409,999 $415 3 bd / 1 ba 988 sqft , 2026-08-21
6708 Menchaca Rd #2
La Vid Condo Amd
$399,000 $253 2 bd / 3 ba 1,575 sqft , 2026-08-03
6800 Menchaca Rd #9
SoMa Village
$415,000 $249 3 bd / 3 ba 1,668 sqft , 2026-07-09

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
$1,944/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
$80,980
20% conventional investment loan

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

Estimated Gross Rent+$1,944
Principal + Interest−$2,210
Property Tax (~2.1% TX avg)−$709
Insurance (~0.5%)−$169
Est. Monthly Cash Flow $-1,144

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

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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 August 15, 2026.

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