Active Listing  ·  8 days on market

10005 MOUNT RAINIER Dr

Austin, TX 78747
$324,900
4 Bed 3 Bath 2,281 sqft $142/sqft Built 2004 0.13 acres 2-Car Garage Pool Parkside At Slaughter Creek SE

IT'S AUCTION TIME......AUGUST 17TH - 19TH!!!! Bring you hammer and a bucket of paint. Your Fixer-Upper awaits your imagination for this great home in a great neighborhood. Lots of mature trees. Private backyard. Bid covered patio. Downstairs is a large family room, island kitchen and two dining areas.. Upstairs you have four good sized bedrooms, a huge walk-in closet in the master bedroom and a BIG game room. This property is now under auction terms. All Bids must be submitted during the auction via the property’s listing page at www.servicelinkauction.com. This sale is subject to a 5% or $2,500 minimum buyer’s premium pursuant to the auction Terms & Conditions. All bids will be subject to seller approval (minimums may apply)..

At $142/sqft, this home is 64% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

10005 MOUNT RAINIER Dr, Austin, TX 78747

Property Details

Price $324,900
Status Active Listing
Beds 4
Full Baths 2
Half Baths 1
Living Area 2,281 sqft
Lot Size 0.13 acres (5,501.63 sqft)
Year Built 2004
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Parkside At Slaughter Creek SE
County Travis
Zip Code 78747
$/sqft $142/sqft
Days on Market ,
HOA $340/Annually
Annual Tax Est. $8,877.32
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT242581727
List Date August 6, 2026
Elementary School Menchaca
Middle School Paredes
High School Austin
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
2107 Charlotte Estates Dr
Crossing At Onion Creek Sec 03&4 Amd
$330,000 $172 4 bd / 3 ba 1,919 sqft , 2026-08-13
9314 Brandts Wood St
Crossing At Onion Creek Sec 01
$338,000 $215 3 bd / 2 ba 1,574 sqft , 2026-08-08
516 E Slaughter Ln #1704
Ridge/Slaughter Condos Bldg 17
$345,000 $167 3 bd / 4 ba 2,064 sqft , 2026-05-06
9305 Pioneer Forest Dr
Crossing At Onion Creek Sec 02
$350,000 $186 3 bd / 2 ba 1,880 sqft , 2026-08-04
2137 Dry Tortugas Trl
Parkside At Slaughter Creek Sec 03
$359,987 $206 3 bd / 2 ba 1,749 sqft , 2026-06-25

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,560/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$64,980
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,560
Principal + Interest−$1,773
Property Tax (~2.1% TX avg)−$569
Insurance (~0.5%)−$135
Est. Monthly Cash Flow $-917

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Austin, TX

Austin sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Tesla Gigafactory 15-25 min E
Apple Campus (Domain) 20-30 min N
Google / Meta / Indeed 10-15 min downtown
Dell Medical School / UT Austin 10-20 min
Samsung Austin Semiconductor 25 min N

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on August 7, 2026.

📞 (254) 718-2567 [email protected] More about Luke →