Active Listing  ·  53 days on market

6903 Deatonhill Dr #28

Austin, TX 78745
$130,000
2 Bed 1 Bath 749 sqft $174/sqft Built 1982 0.04 acres Pool Flagstone Terrace Condo Ph 02

Unbeatable value for only $140,000 for this charming and efficient 2-bedroom, 1-bathroom condo in the heart of much-loved South Austin! Situated in the Flagstone Terrace community atop Deaton Hill. The home features recent interior updates, including new appliances, beautiful engineered real wood flooring, and fresh paint throughout. The spacious primary bedroom boasts a generous walk-in closet, while the bright secondary bedroom makes an ideal home office with fantastic natural light. Step outside to your private fenced patio, offering expansive views to the horizon. A nearby community pool is the complex's gathering spot. The central hot water boiler eliminates the need for an individual water heater as well as keeping your expenses lower. HOA has now completed exterior renovations giving the community qualification for easy conventional financing! Seller will pay for all this HOA work by eliminating the special assessment at closing. Located just off William Cannon and West Gate Blvd, this is a move-in-ready deal that won't last long! Photos show vacant property prior to current tenant.

At $174/sqft, this home is 56% 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

6903 Deatonhill Dr #28, Austin, TX 78745

Property Details

Price $130,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 749 sqft
Lot Size 0.04 acres (1,785.96 sqft)
Year Built 1982
Garage ,
Stories ,
Type Residential · Condominium
Subdivision Flagstone Terrace Condo Ph 02
County Travis
Zip Code 78745
$/sqft $174/sqft
Days on Market ,
HOA $430/Monthly
Annual Tax Est. $3,379.3
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT241998317
List Date August 1, 2026
Elementary School Sunset Valley
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 · August 1, 2026 $140,000
Current ask $130,000
Reduced $10,000 (-7.1%) 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
6903 Deatonhill Dr #20
Flagstone Terrace Condo Ph 02
$133,300 $248 1 bd / 1 ba 538 sqft , 2026-09-02
6903 Deatonhill Dr #2
Flagstone Terrace Condo
$165,000 $279 1 bd / 1 ba 591 sqft , 2026-04-02

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
$624/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
$26,000
20% conventional investment loan

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

Estimated Gross Rent+$624
Principal + Interest−$709
Property Tax (~2.1% TX avg)−$228
Insurance (~0.5%)−$54
Est. Monthly Cash Flow $-367

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 September 1, 2026.

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