About This Home

LOW tax rate! Like NEW AND 15 MINUTES FROM DOWNTOWN AUSTIN. This lovely newer home features 3 bedrooms, walk-in closets, plus a BONUS/OFFICE room upstairs. 12 minute walk to the Hottest Entertainment on Menchaca - Armadillo Den, Lustre Pearl, Moontower, South Austin Beer Garden, The Hive! 3 minutes to HEB, within 10 minutes of Starbucks and additional shopping, dining, parks and gyms! Walk from your front door onto miles of walking/jogging trails within minutes. This home is located on a private cul-de-sac street and is a must-see! New grass back and Front!

At $228/sqft, this home is 42% 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

10409 Abana Way, Austin, TX 78748

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Property Details

Price $375,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 1,642 sqft

Lot Size 0.14 acres (6,028.7 sqft)

Year Built 2019

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Encore at Drew Lane

County Travis

Zip Code 78748

$/sqft $228/sqft

Days on Market ,

HOA $114/Monthly

Annual Tax Est. $5,930.51

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242696459

List Date August 7, 2026

Elementary School Kocurek

Middle School Bailey

High School Akins

School District ,

Have Questions About This Property?

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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

11304 Canterbury Tales Ln
Canterbury Trails Sec 04 $383,000 $221 3 bd / 3 ba 1,736 sqft , 2026-05-05

2656 Piping Rock Trl
Tanglewood Forest Sec 02 Ph C $365,000 $284 3 bd / 3 ba 1,284 sqft , 2026-06-01

1606 Yoakum St #254
Sweetwater Glen Condo Amd $365,000 $213 3 bd / 3 ba 1,714 sqft , 2026-08-08

9511 Curlew Dr
Tanglewood Forest Sec 02 Ph D $395,000 $255 3 bd / 2 ba 1,552 sqft , 2026-06-16

1608 Melibee Trl
Canterbury Trails Sec 04 $395,000 $212 3 bd / 3 ba 1,860 sqft , 2026-07-22

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

$1,800/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

$75,000

20% conventional investment loan

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

Estimated Gross Rent+$1,800

Principal + Interest−$2,047

Property Tax (~2.1% TX avg)−$656

Insurance (~0.5%)−$156

Est. Monthly Cash Flow $-1,059

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

About the Author

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 8, 2026.

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

10409 Abana Way

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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