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$1,304,531

5601 Driftwood Dr, Austin, TX, 78731

Off MarketInfo
Beds3 Beds
Baths4 Bath
Baths1,527 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$294.7 / sqft
Year BuiltBuilt in 1972

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 4Bathrooms Full 4
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Free-Standing Range, Refrigerator
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Lot Size20,286 sqft

Building Information

Year Built2022
Stories2
Roof Type121
Garage Spaces2

Land Information

APN01411202160000
Lot Number54
SubdivisionLakewood Village
Land UseResidential
Legal DescriptionLOT 54 BLK D LAKEWOOD VILLAGE
Census Tract030000
Assessed Land Value$567,171
Assessed Improvement Value$737,360
Assessment Year2025

About this property

New price! Wonderful single-story home in sought-after NW Hills sits on an enormous corner lot surrounded by woods! Enjoy morning coffee & nature on your beautiful back patio. Home boasts semi-vaulted ceiling in living area, updated kitchen cabinetry & large family room leading to recently renovated back patio. Tons of potential to either update or add-on to make this home truly special. Convenient to shopping & restaurants at The Domain & Arboretum + highly coveted AISD schools! Fantastic opportunityFEMA - Unknown Restrictions: Yes Sprinkler Sys:Yes

Investor Tools

Property Icon
$1,304,531
Estimated Property Value
$548,250Estimated Mortgage Balance
$761,917Estimated Equity
58% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$7,827 /month
Positive
Cash Flow Estimate:
$2,609 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$2,353/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$21,709
$1,304,531
2025
$567,171
$737,360
$1,304,531
No

Tax History

Year
Tax Paid
Assessed Value
2024
$21,709
$1,304,531

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amp Lending
Conventional
$548,250
No
First
Feb 22, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$542,614
$761,917
58%
42%
$3,588/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,110/mo
$3,588/mo
$-1,478/mo
1.9%

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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