Active Listing  ·  120 days on market

6824 Derby Downs Dr

Austin, TX 78747
$315,000
3 Bed 3 Bath 2,068 sqft $152/sqft Built 2007 0.10 acres 2-Car Garage Pool Sheldon 230 Sec 02 Ph 02

Located at 6824 Derby Downs Dr in Austin, this 3-bedroom, 2.5-bath home offers a functional layout with the flexibility to make it your own. Built in 2007, it provides a solid foundation for comfortable everyday living with space that adapts to your needs.

Positioned on a corner lot and backing to a creek, the setting adds a layer of privacy and a more natural backdrop you don’t often find at this price point. Whether you’re enjoying a quiet evening outside or just want a little extra separation from neighbors, the lot really stands out.

Inside, the layout balances open living areas with defined spaces, making it easy to live in day-to-day while still having room to spread out. The two-car garage adds practical storage and workspace options to round things out.

Located in an established area with convenient access to shopping, dining, and major roadways, this home is a strong option for both a primary residence or investment.

At $152/sqft, this home is 61% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

6824 Derby Downs Dr, Austin, TX 78747

Property Details

Price $315,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths 1
Living Area 2,068 sqft
Lot Size 0.10 acres (4,534.6 sqft)
Year Built 2007
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Sheldon 230 Sec 02 Ph 02
County Travis
Zip Code 78747
$/sqft $152/sqft
Days on Market ,
HOA $300/Annually
Annual Tax Est. $6,930.07
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT224800345
List Date April 6, 2026
Elementary School Blazier
Middle School Paredes
High School Akins
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.

Schedule a Call →

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
6807 Trendal Ln
South Creek South Sec 02 Amd
$315,000 $208 4 bd / 2 ba 1,516 sqft , 2025-05-02
2632 Century Park Blvd #72
Century Park Condo
$315,000 $205 2 bd / 3 ba 1,540 sqft , 2026-04-11
7504 Redrick Dr
Springfield Ph B Sec 02
$315,000 $181 3 bd / 3 ba 1,736 sqft , 2026-04-16
7915 Mellencamp Dr
Easton Park
$315,000 $219 2 bd / 2 ba 1,437 sqft , 2026-04-24
8816 Milton Lease Dr
Sheldon 230 Sec 02 Ph 03
$315,000 $152 3 bd / 3 ba 2,068 sqft , 2026-05-07

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
$1,512/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
$63,000
20% conventional investment loan

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

Estimated Gross Rent+$1,512
Principal + Interest−$1,719
Property Tax (~2.1% TX avg)−$551
Insurance (~0.5%)−$131
Est. Monthly Cash Flow $-889

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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