ActiveResidential · sale

1808 Forest Hill Dr

Austin, TX 78745

$730,000

  • 1,832 sq ft
  • 0.16 acres
  • Built 1958

Listed by Christies Intl Real Estate Lone Star · MLS #ACT2763195

1808 Forest Hill Dr, Austin, TX 78745 — photo 1 View full photo
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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1958.

Property size

0.16 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

Get to know the property.

$25K Price Improvement! Urban dwellers dream, unique investment opportunity or BOTH in the heart of tree-lined pocket neighborhood Banister Acres/Southwood, fast becoming the next hot spot for central living! Two artistically inspired homes that rent quickly given the neighborhoods proximity to 78704, SOCO, SOLA, Zilker Park/Barton Springs, St Elmo district and more! Both are in great shape. The front home is a 3-1 ranch-style bungalow with a warm mid-century appeal and has had all major items updated. The 1-1 is a Erica Heroy signature featured in Dwell magazine built around 2017. It's an architectural space that offers a true sense of zen while inspiring creativity with its large open space, cool loft bedroom and lots of storage space. Live in one and rent out the other full time or STR with great rental demand for the area given proximity to 78704 and downtown yet much more affordable. 3/1 projected rents at $1900-$2k per mth and 1-1 projected rents at $1700 per mth. OR live in one and STR the other and easily double the daily revenue after expenses!

Collectively this property provide amazing flexibility - investment, STR, off-seting payment to live in central for very low dollars while building equity and more.

1,832 Total sq ft • 7k+ sq foot lot • ADU featured in magazines and built in 2018 • New interior paint at ADU • Added stove/backsplash at ADU in 2024 • New tankless water heater in ADU • Pre-wired for Surround Sound at ADU • New Interior paint on both • Foors on front house in 2023 • Roof replacement in 2021 on front house • Windows in 2017 at front house • Updated electric in 2017 • Updated PVC Drain Lines on front house 2023 • 10 mins to ABIA, Zilker Park/Barton Springs, downtown • Minutes to Central Market, Juiceland, SOCO, SOLA.
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THE NEIGHBORHOOD

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1808 Forest Hill Dr, Austin, TX 78745

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THE DETAILS

The details, all in one place.

Property type
Residential Income
Category
Residential
Year built
1958
Garage spaces
0
Cooling
Central Air
Heating
Central, Natural Gas
Appliances
Dishwasher, Gas Cooktop, Gas Range, Free-Standing Electric Range, Free-Standing Gas Range, Refrigerator, Washer, Tankless Water Heater
Flooring
Concrete, Tile, Vinyl
Fencing
Chain Link, Fenced, Privacy, Wood
Accessibility
None
Pool features
None
Subdivision
PARK FOREST SEC 1
Parcel
040912041500001808
Elementary school
Joslin
Middle school
Covington
High school
Crockett
Annual property tax
$10,995.70

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase—
Estimated monthly rent$3,041.67
Cap rate—

Annual operating income: —

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interest—Loan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

See its potential.
Have a plan for what follows.

Considering this property as a rental? Start with the numbers, then talk through the day-to-day with a local management team.

  1. Understand the opportunity.

    Review rental pricing, property condition and your ownership goals with a local professional.

  2. Make a strong first impression.

    Bring together property preparation, professional marketing and applicant screening.

  3. Stay connected to your investment.

    Get support with rent collection, resident communication, maintenance coordination and owner reporting.

Get a local rental estimateTalk through your management needs
Stone-front home with a landscaped lawn and central entry
A more complete plan for your property

LOCAL PEOPLE. SHARED COMMITMENT.

A team behind your next step.

From your first question to the everyday work of ownership, a conversation with the right person makes a difference.

Meet ERA Property Management

Residential management in Utah, Nevada and Texas. Service availability and rental eligibility must be confirmed for each property. Commercial and association services are available through our management services page.

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1808 Forest Hill Dr, Austin, TX 78745 · MLS #ACT2763195

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Listing information

MLS #ACT2763195 · Austin Board of Realtors

Listing brokerage: Christies Intl Real Estate Lone Star
Listing agent: Tarek Morshed

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.