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Rent Potential Up to $6,820
Updated 10 days ago • 5 new comps
Your Investment Paths
Turnkey Rental
This property shows strong rental potential in the 78704 area. Based on local market data, you can expect monthly income between $4,607 and $6,820. This range reflects a competitive position for a 2,950-square-foot luxury condo. With an attractive estimated rental yield of 5.61%, this investment offers a solid opportunity for consistent cash flow. Comparing your property to recent local activity suggests it is well-positioned to attract high-quality, long-term tenants.
More about this home
Neighborhood Assessment
Barton Hills in Austin's hot 78704 zip is a gem—you know, walkable to Zilker Park and Barton Springs, with that vibrant South Austin vibe investors crave. Solid schools like Barton Hills Elementary (8/10) nearby boost appeal for families. Nearby comps, like the sister unit at 3314 Westhill Dr #115B (Zest ~$1.07M, 2876 sqft), show steady demand for spacious 3-bed/2.5-bath condos around 2,900 sqft. Zestimate holds at $1.22M despite market softening—prime spot for holding or renting at ~$5K/mo. HOA's $500/mo covers perks, but watch severe wind/heat risks; minimal flood's a plus. Neighborhood's appreciating well, actually outperforming broader Austin lately.
Market Activity
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Rental Income
$69K
Yield
5.6%
Year 1 Estimates
Fix-and-Flip
Adding an outdoor living space is a fantastic way to elevate a property. Owners see a jump in value to $415 per square foot from the standard $346, representing a solid 20% increase in market performance. This lifestyle upgrade makes a home truly shine, helping it command premium rents up to $10,171. It is a smart move for those seeking to blend everyday luxury with long-term financial growth and buyer appeal.
Comps
4
Uplift
+20%
Buy-Rehab-Rent
This property offers a post-renovation value between $1.37 million and $1.51 million. While renovation adds significant equity, ensure purchase and rehab costs stay strictly aligned with these targets to maintain a healthy investment margin. Projected rental income hits approximately $6,192 monthly, yielding a steady 5.2% return. Given the high price point, focus on attracting luxury tenants to sustain these premium rental rates and ensure consistent, long-term cash flow performance.
Rental Income
$74K
Yield
5.2%
Year 1 Estimates, Post Typical Renovation
Estimated value
$1.2M
$323.5K over comp median
Comparative Market Analysis
$786K – $4.5M
~116 days to sell
Based on 6 comps
3314 Westhill Dr #115A, Austin Investment Report: Flip & Rental Analysis · Frontflip