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$512,592

5006 Heflin Ln, Austin, TX, 78721

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,656 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$313.95 / sqft
Year BuiltBuilt in 1950

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesExhaust Fan, Microwave, Range
FlooringTile, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size18,043 sqft

Building Information

Year Built1950
Stories1
Roof Type105
Garage Spaces2

Land Information

APN02132206150000
Lot Number2
SubdivisionDavis Lawns Sec 1
Land UseResidential
Legal DescriptionLOT 2 DAVIS LAWNS SEC 1
Census Tract002109
Assessed Land Value$292,500
Assessed Improvement Value$273,364
Assessment Year2024

About this property

SUPER RARE opportunity to own a beautifully updated, charming Eastside ranch house! This thoughtfully renovated gem features an open floor plan with a gorgeous kitchen that seamlessly flows into the living room and the outside deck, creating a bright and inviting space flooded with natural light. Freshly painted and made-ready for easy move in, this property boasts an impressive .41 acre lot with NO back neighbors and an opportunity to build a second home for guests, short-term or long-term renter. Zoned SF-3 and located within .25 miles of a metro stop, you don't need a driveway or parking spot for an additional structure! The massive backyard is a true highlight, offering endless possibilities for entertaining, relaxing, or creating your dream outdoor retreat. Situated in a prime location near Tesla, downtown Austin, and the vibrant shops and dining of East Austin, this home offers the perfect combination of space, style, and convenience. Don’t miss your chance to make it yours!

Investor Tools

Property Icon
$512,592
Estimated Property Value
$0Estimated Mortgage Balance
$512,592Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,119 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$837/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$512,592
2024
$292,500
$273,364
$565,864
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$512,592

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$512,592
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,088/mo
N/A
+$2,088/mo
4.9%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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5006 Heflin Ln | Property Details | No Agent List