$385,000

Property Overview

This South Manchaca property on Calais Court presents a unique income-generating opportunity in Austin, TX. Currently configured as a six-bedroom, two-bath investment asset, the home generates consistent rental revenue through individual room leases, with documented net payouts exceeding $48,000 over the past year. The 1,656-square-foot residence sits on a generous 0.27-acre lot in the Deer Park subdivision, offering flexibility for investors seeking established cash flow or owner-occupants willing to reconfigure the space back to its original four-bedroom, two-bath layout. Priced at $232 per square foot—33 percent below the South Austin area median—this home represents exceptional value in a neighborhood known for spacious lots and accessible pricing.

The property features central heating and cooling, a screened rear porch, fenced backyard, and three bedrooms on the main level, with primary bedroom placement offering convenient access. All utilities are connected and functional. Two parking spaces accommodate vehicles, while the northwest-facing lot provides privacy. The composition roof and slab foundation are typical of this 1982-built home's era, and recessed lighting adds contemporary touches to the interior. Whether held as an investment property or adapted for traditional residential use, this Calais Court home delivers versatility and opportunity.

Vox Real Estate Insight

The income metrics on this property are genuinely compelling for the investor-minded buyer—we're seeing legitimate cash flow documented month to month, not projections. What stands out to us at Vox Real Estate is the execution flexibility; you're not locked into the rental model if market conditions or personal circumstances shift, since the original layout can be restored without major structural changes.

Agent Description

Absolute Cash Cow with +/-$48,000 in net payouts in the last 11.5 months. Check attached performa for actual figures. This property is currently being leased on Patsplit. The home has six bedrooms each with its own unique tenant. The home was converted into a 6 bedroom 2 bath with the living room and dining room each being turned into bedrooms. The home is priced so that someone could reconfigure back to a 4/2 if desired.

Neighborhood: South Manchaca

This property is located in South Manchaca, Austin, TX. The area is known for Great Value, Generous Lots, Ranch-Style Homes, South Austin Location, Growing Amenities.

At $232/sqft, this listing is priced 34% below the South Manchaca median of $350/sqft.

Property Details

Interior

Systems & Utilities

Exterior & Lot

Parking

Community & HOA

Assigned Schools

Taxes & Legal

Frequently Asked Questions