Active Listing  ·  48 days on market

7004 Craybrough Cir

Austin, TX 78724
$298,000
4 Bed 3 Bath 1,200 sqft $248/sqft Built 1977 0.19 acres Pool Colony Park Sec 01 Ph 01

$10K IN FLEX CASH OFFERED, TO BE USED TOWARDS RATE BUYDOWN, CLOSING COSTS, ANY UPGRADES OR ANY COMBINATION! Completely remodeled and move-in ready! This beautifully updated 4-bedroom, 2.5-bath home offers modern finishes, a functional open-concept layout, and exceptional value in East Austin. The spacious eat-in kitchen features quartz countertops, new cabinetry, low-e windows, a breakfast bar, and stainless steel appliances, flowing seamlessly into the living area for easy everyday living and entertaining. The thoughtfully expanded primary suite includes a walk-in shower and ample closet space. Throughout the home you'll find luxury vinyl plank flooring, fresh paint, updated doors, trim, hardware, and fully renovated bathrooms. Recent exterior improvements include new windows, siding, and roof, while the large backyard and pergola-covered deck provide the perfect space for relaxing or hosting family and friends. All permits for the renovation have been finalized and closed, offering added peace of mind to buyers. Conveniently located just one block from the elementary school with easy access to major highways, shopping, dining, and Downtown Austin. Don't miss this turnkey opportunity!

At $248/sqft, this home is 37% 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

7004 Craybrough Cir, Austin, TX 78724

Property Details

Price $298,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 1,200 sqft
Lot Size 0.19 acres (8,215.42 sqft)
Year Built 1977
Garage ,
Stories ,
Type Residential · Single Family Residence
Subdivision Colony Park Sec 01 Ph 01
County Travis
Zip Code 78724
$/sqft $248/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,696.79
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT239825651
List Date August 21, 2026
Elementary School Jordan
Middle School Garcia
High School Lyndon B Johnson (Austin ISD)
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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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
5408 King Henry Dr
Cavalier Park Sec 03
$299,990 $250 3 bd / 2 ba 1,201 sqft , 2026-08-14
6913 Shannon Dr
COLONY PARK SEC 1 PHS 4 A
$289,999 $190 3 bd / 1 ba 1,524 sqft , 2026-07-10
5806 Whitebrook Dr
Crystalbrook Sec 01
$315,000 $198 3 bd / 2 ba 1,594 sqft , 2026-08-26
5728 Pinon Vista Dr
Meadows At Trinity Crossing Ph
$315,337 $248 3 bd / 2 ba 1,269 sqft , 2026-05-14
5410 Burgundy Dr
Northridge Park Sec 01
$275,000 $268 3 bd / 2 ba 1,025 sqft , 2026-08-06

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
$1,430/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
$59,600
20% conventional investment loan

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

Estimated Gross Rent+$1,430
Principal + Interest−$1,626
Property Tax (~2.1% TX avg)−$522
Insurance (~0.5%)−$124
Est. Monthly Cash Flow $-842

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 13, 2026.

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