ActiveResidential · sale

5308 Downs Dr Dr #2

Austin, TX 78721

$415,000

  • 1,591 sq ft
  • 0.07 acres
  • Built 2015

Listed by Horizon Realty · MLS #ACT9726724

Listing status & updates
MLS last changed
Not supplied by this listing source
Availability last checked
No per-listing check is recorded

Source changes and availability checks are different. A website import or photo check does not confirm that a property is still available. Confirm availability with the listing agent. Ask about the listing status

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PROPERTY QUESTIONS & SHOWINGS

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5308 Downs Dr Dr #2, Austin, TX 78721 · MLS #ACT9726724

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Times are local to the property. Your tour is not scheduled until an agent confirms.

Your purchase plans

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A FEW THINGS TO NOTICE

What stands out.

Living spaces

The first floor features the living room and kitchen with granite counters, blonde wood flooring, stainless steel appliances including gas cooktop with vent hood, pendant & recessed lighting, and plenty of cabinetry.

Details worth a look

OUTSIDE SPACE: Enjoy the wooden patio for grilling or morning coffee.

Year built

Built in 2015.

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

THE PROPERTY

Get to know the property.

OPEN HOUSE: Sun., Nov. 8 from 1-3 pm & Sat., Nov. 14 from 1-3 pm. Welcome to your contemporary home! It is a detached condo with a garage. It has no carpet and an open floor plan. The first floor features the living room and kitchen with granite counters, blonde wood flooring, stainless steel appliances including gas cooktop with vent hood, pendant & recessed lighting, and plenty of cabinetry. The kitchen island provides bar stool seating. Dining room and half bath are conveniently available for guests. Upstairs you’ll find three bedrooms with ample space and vaulted ceilings. The primary bathroom has two closets, separate and stylish shower & tub, and a double vanity sink. The other bedrooms have vinyl wood flooring installed in August 2025. SMART HOME: Wired with a security system and Nest thermostats. GOOGLE, AT&T AND SPECTRUM FIBER. ENERGY EFFICIENT: Home has Spray-Closed Cell Foam insulation with an R-Value of 33, double-pane Low-e windows, high efficiency toilets, tankless water heater, and more listed on our energy efficiency report. OUTSIDE SPACE: Enjoy the wooden patio for grilling or morning coffee. It has partial xeriscape for easier maintenance. Backyard is fully fenced in. POTENTIAL RENTAL INCOME: The home previously rented for $3,000. Make it a rental property or personal home! SURROUNDINGS: Two-unit HOA condo regime with NO dues and very few rules. Almost like having no HOA at all. The home is near Hwy. 183 for quick access to the city. Close by is the beautiful Little Walnut Creek greenbelt with 206-acres of protected woodland area, hiking trails, creeks & ravines. Grocery store H-E-B and shopping center is about 5 min. away. Downtown is 15 min. close by, Mueller 9 min., and Domain 20 min. drive! Zoned to Norman-Sims Elementary School, Kealing MS, and LBJ Early College High School. Down payment and closing cost assistance available. Visit the home website for a video and more info!
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THE NEIGHBORHOOD

Explore the location.

5308 Downs Dr Dr #2, Austin, TX 78721

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LOCAL MARKET CONTEXT

Travis County housing market

See the broader conditions surrounding this property through ERA Brokers Consolidated research.

12-month price trend$504,746Down 1.6% vs. the previous 12 months
Months of supply5.712-month average
Days on market8312-month weighted average

Latest available data: October 2026. Research by ERA Brokers Consolidated.

Explore the full market report

These figures describe the broader reporting area and do not determine this property’s value, condition, availability, or likely sale price.

THE DETAILS

The details, all in one place.

Property type
Residential Income
Category
Residential
Year built
2015
Garage spaces
1
Cooling
Central Air
Heating
Central
Appliances
Dishwasher, Disposal, Gas Cooktop, Ice Maker, Microwave, Free-Standing Gas Oven, Free-Standing Refrigerator, Self Cleaning Oven, Stainless Steel Appliance(s), Vented Exhaust Fan, Washer/Dryer Stacked, Tankless Water Heater
Flooring
Tile, Wood
Fencing
See Remarks, Back Yard, Wood
Accessibility
Electronic Environmental Controls
Pool features
None
Subdivision
Truman Heights
Parcel
5308 Downs Dr #2, Austin, Texas 78721
HOA
5308 Downs Drive Condominium Association
HOA amenities
See Remarks
HOA fee frequency
See Remarks
Elementary school
Norman-Sims
Middle school
Kealing
High school
Lyndon B Johnson (Austin ISD)
Annual property tax
$11,690.20
HOA fee
$0.00

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

Investor outlook Rental potential, ownership costs and property management

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$280.86
Estimated monthly rent$1,729.17
Cap rate1.06%

Annual operating income: $4,407.83

HOA: No HOA cost is included because the listing source reports a $0 fee. Confirm current dues and special assessments before relying on this estimate.

Have ERA review this rental estimate

Your property and current assumptions will be included for our team to review.

Adjust assumptions
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

A team for what comes next.

Put your investment outlook into practice. Team ERA can help you confirm local rental potential and plan for the day-to-day of ownership.

  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
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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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Listing information

MLS #ACT9726724 · Austin Board of Realtors

Listing brokerage: Horizon Realty
Listing agent: Paul Juarez

Listing status: Active. MLS last changed: not supplied. Availability last checked: not recorded. Confirm current availability and price with the listing agent.