About This Home

Centrally located in San Marcos’ established Rio Vista neighborhood, this home offers convenient access to the San Marcos River, Rio Vista Park, downtown San Marcos, Texas State University and I-35. This well-maintained home features recent improvements including a newer roof, HVAC system, updated flooring, and improvements to the kitchen and bathroom. With many of the major updates already completed, buyers can enjoy added comfort and peace of mind from day one. The central location puts you close to shopping, dining, and entertainment, with convenient access to I-35 for travel toward Austin or San Antonio. A great opportunity for buyers looking for a well-cared-for home in a convenient and established San Marcos neighborhood.

At $204/sqft, this home is 12% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1115 Sycamore St, San Marcos, TX 78666

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Property Details

Price $235,000

Status Active Listing

Beds 3

Full Baths 1

Half Baths ,

Living Area 1,150 sqft

Lot Size 0.21 acres (9,090.97 sqft)

Year Built 1965

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Rio Vista Terrace

County Hays

Zip Code 78666

$/sqft $204/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $3,809.78

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT242754188

List Date August 13, 2026

Elementary School Crockett

Middle School Miller

High School San Marcos

School District SanMarcosCONSISD

School District

SanMarcosCONSISD

Crockett · Miller · San Marcos

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

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Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · August 13, 2026 $259,900

Previous ask $245,000

Current ask $235,000

▼ Reduced $24,900 (-9.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos 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

800 Barbara Dr
Greendale Add Unit 1 $230,000 $208 3 bd / 2 ba 1,108 sqft , 2026-08-27

901 Barbara Dr
Greendale Add Unit 1 $219,000 $157 2 bd / 2 ba 1,398 sqft , 2026-07-24

601 Zunker St
Mill - Mill St Area-Residentia-Mill $274,900 $241 3 bd / 2 ba 1,140 sqft , 2026-06-26

1202 Thorpe Ln #406D
Village At Springtown Condos $195,000 $179 2 bd / 2 ba 1,091 sqft , 2026-11-02

1202 Thorpe Ln #315
Village At Springtown Condos $185,000 $150 2 bd / 2 ba 1,230 sqft , 2026-07-29

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

$1,128/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

$47,000

20% conventional investment loan

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

Estimated Gross Rent+$1,128

Principal + Interest−$1,282

Property Tax (assumed ~2.1%)−$411

Insurance (assumed ~0.5%)−$98

Est. Monthly Cash Flow $-663

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 →

About the Author

Luke Allen

Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019

★★★★★ 5.0 on Google · 41 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. The written content was last updated on October 7, 2026.

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

1115 Sycamore St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

1115 Sycamore St

Location

Property Details

How This Ask Has Moved

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

Explore Austin Real Estate

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