About This Home

BACK ON THE MARKET. BUYER GOT COLD FEET - NE Austin Flip Opportunity. 3/2/2 located in University Hills. Turn this into your dream home. Easy access to 183, 290, and I-35. 20 minutes to the airport or downtown.

At $163/sqft, this home is 58% 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

6605 Highpoint Dr, Austin, TX 78723

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Property Details

Price $294,500

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,806 sqft

Lot Size 0.21 acres (9,304.42 sqft)

Year Built 1969

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Bluffs University Hills Sec 01

County Travis

Zip Code 78723

$/sqft $163/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,744.89

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT225156388

List Date April 5, 2026

Elementary School Winn

Middle School Bertha Sadler Means

High School Lyndon B Johnson (Austin ISD)

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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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 · April 5, 2026 $310,000

Current ask $294,500

▼ Reduced $15,500 (-5.0%) 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

5609 Gloucester Ln
Windsor Park Hills Sec 01 $299,000 $225 3 bd / 1 ba 1,329 sqft , 2026-03-26

6406 Chimney Creek Cir #A
Chimney Creek Condo $299,900 $242 3 bd / 3 ba 1,239 sqft , 2026-07-02

6211 Manor Rd #107
Manor Twnhms $299,999 $253 2 bd / 2 ba 1,188 sqft , 2026-07-09

3001 Jack Cook Dr
Walnut Hills Sec 04 $300,000 $163 3 bd / 2 ba 1,844 sqft , 2026-08-18

5507 Burgundy Dr
Northridge Park Sec 01 $285,000 $200 4 bd / 2 ba 1,428 sqft , 2025-08-08

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

$1,414/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

$58,900

20% conventional investment loan

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

Estimated Gross Rent+$1,414

Principal + Interest−$1,607

Property Tax (~2.1% TX avg)−$515

Insurance (~0.5%)−$123

Est. Monthly Cash Flow $-831

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 August 4, 2026.

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

6605 Highpoint Dr