About This Home

This home is currently an STR with an approved license from the city of Austin. Please call/text listing agent to schedule an appointment or book on Showing Time* The code for the property will be inside of the SUPRA lockbox. Appliances sold separately. Offer instructions and disclosures attached.

At $241/sqft, this home is 38% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8009 Mellencamp Dr #212, Austin, TX 78744

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Property Details

Price $297,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,231 sqft

Lot Size 0.02 acres (967.03 sqft)

Year Built 2022

Garage 2 spaces

Stories ,

Type Residential · Condominium

Subdivision Easton Park

County Travis

Zip Code 78744

$/sqft $241/sqft

Days on Market ,

HOA $115/Monthly

Annual Tax Est. $7,989.46

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT248743554

List Date October 2, 2026

Elementary School Newton Collins

Middle School Ojeda

High School Del Valle

School District Del Valle ISD

School District

Del Valle ISD

Newton Collins · Ojeda · Del Valle

Have Questions About This Property?

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

8113 Springsteen Dr
Eston Park $297,990 $271 2 bd / 3 ba 1,098 sqft , 2026-03-09

7903 Sutcliffe Dr
Ep Residential Condos $299,900 $195 3 bd / 3 ba 1,541 sqft , 2026-07-10

8306 Mandela Bnd
Ep Residential Condos $299,900 $211 2 bd / 2 ba 1,422 sqft , 2026-10-19

7915 Mellencamp Dr
Easton Park $300,000 $209 2 bd / 2 ba 1,437 sqft , 2026-04-24

8509 Escovedo Dr #410
Ep Residential Condos $309,000 $195 3 bd / 2 ba 1,583 sqft , 2026-05-04

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

$1,426/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

$59,400

20% conventional investment loan

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

Estimated Gross Rent+$1,426

Principal + Interest−$1,621

Property Tax (assumed ~2.1%)−$520

Insurance (assumed ~0.5%)−$124

Est. Monthly Cash Flow $-839

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 · 41 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. The written content was last updated on October 4, 2026.

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

8009 Mellencamp Dr #212

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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