Active Listing  ·  305 days on market

1112 Terry Dr

Austin, TX 78721
$275,000
4 Bed 4 Bath 1,521 sqft $181/sqft Built 1982 0.15 acres 3-Car Garage Pool Hobbs Add

Opportunity Awaits at 1112 Terry Dr, Austin, TX 78721

This single-family home offers a fantastic opportunity for savvy investors or handy homeowners ready to make it their own. Located in an established neighborhood, the property invites you to enjoy peaceful mornings with a serene, tree-lined setting.

A spacious patio and a shed offer additional space for storage or creative uses. The wooded backdrop enhances the sense of privacy and tranquility, creating a true urban retreat.

A oversized garage adds to the convenience, offering ample space for vehicles, hobbies, or additional storage.

Built in 1982, whether you're looking to renovate, invest, or create your dream residence, this Austin property is a blank canvas full of potential just minutes from downtown and local area parks, the East Boggy Creek Greenbelt, Walnut Creek Trailhead and Givens Park. Hiking and community events just around the corner.

At $181/sqft, this home is 54% 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

1112 Terry Dr, Austin, TX 78721

Property Details

Price $275,000
Status Active Listing
Beds 4
Full Baths 4
Half Baths ,
Living Area 1,521 sqft
Lot Size 0.15 acres (6,403.32 sqft)
Year Built 1982
Garage 3 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Hobbs Add
County Travis
Zip Code 78721
$/sqft $181/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $9,228.81
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT208574142
List Date October 13, 2025
Elementary School Ortega
Middle School Martin
High School Eastside Early College
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.

Schedule a Call →

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
11716 Norwegian Wood Dr
Gracywoods Pud Sec 2
$275,000 $237 3 bd / 2 ba 1,160 sqft , 2025-08-30
3600 Batson Dr
Austin's Colony
$275,000 $188 3 bd / 2 ba 1,464 sqft , 2026-03-21
1403 Alma Dr
Copperfield Sec 01 Ph D
$275,000 $256 3 bd / 1 ba 1,074 sqft , 2026-03-23
5613 Signal Pt
Meadows At Trinity Crossing Ph
$275,000 $255 3 bd / 2 ba 1,080 sqft , 2026-05-24
7608 Cayenne Ln
Riverside Meadows Sec 02
$275,000 $229 3 bd / 2 ba 1,203 sqft , 2026-06-22

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
$1,320/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
$55,000
20% conventional investment loan

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

Estimated Gross Rent+$1,320
Principal + Interest−$1,501
Property Tax (~2.1% TX avg)−$481
Insurance (~0.5%)−$115
Est. Monthly Cash Flow $-777

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 July 23, 2026.

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