About This Home

Charming home in a convenient Austin location offering a bright, open-concept layout ideal for everyday living and entertaining. The spacious kitchen features ample cabinetry and flows easily into the main living area, creating a comfortable gathering space. The primary suite provides a relaxing retreat, while additional bedrooms offer flexibility for guests, a home office, or hobbies. Enjoy outdoor living in the private backyard, perfect for relaxing or hosting. Close to parks, shopping, dining, and major commuter routes

At $349/sqft, this home is 11% 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

6915 Cherry Meadow Dr, Austin, TX 78745

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Property Details

Price $450,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 1,290 sqft

Lot Size 0.13 acres (5,632.31 sqft)

Year Built 1972

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Cherry Meadows

County Travis

Zip Code 78745

$/sqft $349/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,091.86

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT231602957

List Date May 27, 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

2526 Mcgregor Dr
Village Sec 05 $450,000 $328 3 bd / 2 ba 1,370 sqft , 2026-06-18

5803 Eureka Dr
Oasis Village Sec 03 $450,000 $355 3 bd / 2 ba 1,269 sqft , 2026-07-03

7108 Shadywood Dr
Meadowcreek Sec 03 Ph 01-A $449,000 $288 3 bd / 3 ba 1,557 sqft , 2026-08-20

7206 Shadywood Dr
Meadow Creek Sec 01 $445,000 $368 3 bd / 2 ba 1,208 sqft , 2026-08-12

1928 Miles Ave #1
Manchaca Estates $459,000 $342 3 bd / 2 ba 1,344 sqft , 2024-08-17

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

$2,160/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

$90,000

20% conventional investment loan

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

Estimated Gross Rent+$2,160

Principal + Interest−$2,456

Property Tax (~2.1% TX avg)−$788

Insurance (~0.5%)−$188

Est. Monthly Cash Flow $-1,272

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 July 26, 2026.

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

6915 Cherry Meadow Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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