About This Home

Seller has approved $5,000 in electrical work to be done to ground fixtures, water and gas bond, new Complete service upgrade. Reduced way below appraisal and Tax value. This home is in good condition and was rented for $2200 before it went on the market. Recent 30 year roof shingles installed and Hardi siding on the exterior will make it less expensive to insure than homes of similar age. Floor plan is a little funky with one bedroom down. Large level yard has space for family compound or some rentals for income in the rear or just room for the chickens and more.

At $293/sqft, this home is 25% 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

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Property Details

Price $385,000

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 $293/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,040.92

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246138832

List Date September 8, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

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

902 Austin Highlands Blvd
Austin Highlands Sec 01 $384,888 $362 3 bd / 2 ba 1,064 sqft , 2026-07-10

6915 Cherry Meadow Dr
Cherry Meadows $390,000 $302 4 bd / 2 ba 1,290 sqft , 2026-05-27

6800 Menchaca Rd #13
Soma Village Condos $394,900 $256 2 bd / 3 ba 1,542 sqft , 2026-04-21

6708 Menchaca Rd #2
La Vid Condo Amd $399,000 $253 2 bd / 3 ba 1,575 sqft , 2026-08-03

6708 Manchaca Rd #4
La Vid Condo Amd $399,000 $256 2 bd / 3 ba 1,557 sqft , 2026-08-31

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

$1,848/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

$77,000

20% conventional investment loan

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

Estimated Gross Rent+$1,848

Principal + Interest−$2,101

Property Tax (~2.1% TX avg)−$674

Insurance (~0.5%)−$160

Est. Monthly Cash Flow $-1,087

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 September 14, 2026.

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

6407 Cannonleague Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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