1206 Luna St #2
Listing Price
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Nearby Schools
Educational options and performance ratings in the area.
Norman Elementary School
General Marshall Middle
Northeast Early College High School
Austin, TX Investment Analysis (2026)
Cap Rate: 2.77% · Median Rent: $2,950/mo · Effective Tax: 1.8%
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
This Austin property presents a rare positive cash flow opportunity of $368.17 per month in a market typically plagued by negative carry due to high property taxes and interest rates. The 7.03% rental yield is robust for a Tier-1 city, significantly outperforming the local average. While the $503 price per square foot is high, the 2-bed, 3-bath configuration is ideal for high-demand roommate situations, bolstering rentability. Conservative analysis suggests that while the monthly cash flow provides a necessary safety buffer, the small 914 sqft footprint and the recent volatility in the Austin tech sector warrant a cautious outlook on immediate appreciation, despite the projected 4% annual growth.
- • Positive monthly cash flow in a high-interest rate environment
- • Superior 7.03% rental yield compared to Austin market averages
- • 3-bathroom configuration increases desirability for professional roommates
- • Strong central location with historically high demand
- • High acquisition cost on a price-per-square-foot basis ($503/sqft)
- • Limited 914 sqft living space may restrict future resale to a niche buyer pool
- • Significant Texas property tax rates can aggressively inflate operating expenses
- • Potential for slowed appreciation if local tech sector volatility persists
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-12 | Listed for sale | $425,000 | $465 |
| 2026-08-25 | Listing removed | $439,900 | $481 |
| 2026-07-21 | Price change | $439,900 | $481 |
| 2026-06-11 | Price change | $449,900 | $492 |
| 2026-05-04 | Price change | $459,900 | $503 |
| 2026-04-16 | Listed for sale | $469,900 | $514 |
| 2026-03-16 | Listing removed | $495,000 | $542 |
| 2026-01-22 | Listed for sale | $495,000 | $542 |
| 2023-10-03 | Listing removed | $0 | – |
| 2023-09-04 | Pending sale | $499,900 | $547 |
| 2023-08-11 | Price change | $499,900 | $547 |
| 2023-07-20 | Price change | $529,000 | $579 |
| 2023-07-12 | Price change | $560,000 | $613 |
| 2023-06-03 | Listed for sale | $575,000 | $629 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $8,238.33 | $517,604 |
| 2024 | $7,664.33 | $480,000 |
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