Active Listing  ·  110 days on market

704 Mitchell Dr

Hutto, TX 78634
$315,000
4 Bed 3 Bath 2,203 sqft $143/sqft Built 2014 0.20 acres 2-Car Garage Pool Glenwood Ph 3B

Great investment opportunity in the growing Hutto market with lease stability already secured. Per the lease extension amendment, the property is leased at $2,025/month until November 30, 2027, giving an investor immediate rental income with strong tenants in place. This 2-story home offers an open floor plan, plenty of natural light, spacious living areas, and a large primary suite with a double vanity in the master bath. Conveniently located near schools, shopping, dining, Hwy 79, Round Rock, Taylor, Dell Diamond, Kalahari, and major Central Texas growth corridors. Buyer to verify all information, lease terms, schools, restrictions, and measurements.

At $143/sqft, this home is 24% below the Hutto active market average of $188/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

704 Mitchell Dr, Hutto, TX 78634

Property Details

Price $315,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,203 sqft
Lot Size 0.20 acres (8,725.07 sqft)
Year Built 2014
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Glenwood Ph 3B
County Williamson
Zip Code 78634
$/sqft $143/sqft
Days on Market ,
HOA $110/Quarterly
Annual Tax Est. $7,379.06
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT228890181
List Date May 5, 2026
Elementary School Ray Elementary
Middle School Farley
High School Hutto
School District ,

Luke Allen (TREC #788149) has deep knowledge of Hutto 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 Hutto

Comparable Listings Right Now

Homes currently for sale in Hutto 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
1103 Windrow Run
Heritage Mill
$318,760 $151 4 bd / 3 ba 2,107 sqft , 2026-05-29
303 McCoy Ln
Glenwood Ph 4B
$319,900 $182 4 bd / 2 ba 1,757 sqft , 2026-04-09
107 Fishbaugh Ln
Glenwood Ph 4B
$310,000 $182 3 bd / 2 ba 1,707 sqft , 2026-08-16
1105 Windrow Run
Heritage Mill
$321,680 $153 4 bd / 3 ba 2,107 sqft , 2026-03-26
124 Steven St
Country Estates
$308,000 $144 4 bd / 3 ba 2,146 sqft , 2026-05-08

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 Hutto, TX

Hutto 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 May 13, 2026.

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