About This Home

Ideally located just minutes from downtown Austin, this property features a detached office- perfect for working form home, a studio or a creative space-plus an installed pergola that enhances the outdoor living area. Enjoy convenient access to access to Riverside Golf Course, the East 7th entertainment district, Austin-Bergstrom International Airport, and some of the city's best dining, shopping, and entertainment. A compelling opportunity in a highly accessible Austin location.

At $218/sqft, this home is 44% 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

6706 Cruz St, Austin, TX 78741

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Property Details

Price $349,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,600 sqft

Lot Size 0.13 acres (5,736.85 sqft)

Year Built 1962

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Chernosky 17

County Travis

Zip Code 78741

$/sqft $218/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $4,149.76

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT247553347

List Date September 22, 2026

Elementary School Allison

Middle School Martin

High School Eastside Early College

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

2101 Rivers Edge Way #32
Riverside Villas $349,000 $235 3 bd / 3 ba 1,488 sqft , 2026-03-06

6303 Santos St #A
6303 Santos Site Condos $349,900 $309 2 bd / 3 ba 1,134 sqft , 2026-08-27

1404 Anise Dr
Riverside Meadows Sec 01 $350,000 $211 3 bd / 3 ba 1,659 sqft , 2026-08-12

1003 Valdez St #A
Chernosky 16 $350,000 $311 2 bd / 3 ba 1,125 sqft , 2026-08-16

1429 Poppy Seed Ln
Riverside Meadows Sec 01 $360,000 $234 4 bd / 2 ba 1,540 sqft , 2026-08-25

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

$1,675/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

$69,800

20% conventional investment loan

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

Estimated Gross Rent+$1,675

Principal + Interest−$1,905

Property Tax (~2.1% TX avg)−$611

Insurance (~0.5%)−$145

Est. Monthly Cash Flow $-986

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 23, 2026.

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

6706 Cruz St

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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