About This Home

Vacant home. Available immediately.

At $185/sqft, this home is 19% below the Elgin active market average of $228/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

124 Tillage Rd, Elgin, TX 78621

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Property Details

Price $264,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,425 sqft

Lot Size 0.03 acres (1,306.8 sqft)

Year Built 2023

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Harvest Ridge

County Bastrop

Zip Code 78621

$/sqft $185/sqft

Days on Market ,

HOA $70/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT237787743

List Date October 17, 2026

Elementary School Harvest Ridge

Middle School Elgin

High School Elgin

School District Elgin ISD

School District

Elgin ISD

Harvest Ridge · Elgin · Elgin

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Elgin 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 Elgin

Comparable Listings Right Now

Homes currently for sale in Elgin 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

187 Cider Creek Dr
Harvest Ridge $259,270 $173 3 bd / 3 ba 1,501 sqft , 2026-06-05

401 Bandara Woods Blvd
County Line Sub Ph $269,900 $162 3 bd / 2 ba 1,665 sqft , 2026-09-01

14701 Wahlbergs Way
Eagles Landing $256,900 $239 3 bd / 2 ba 1,076 sqft , 2026-11-06

14517 Wahlbergs Way
Eagles Landing $256,900 $239 3 bd / 2 ba 1,076 sqft , 2026-11-06

116 Eagle Valley Dr
Larson Crossing $253,928 $161 3 bd / 2 ba 1,576 sqft , 2026-10-29

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

$1,267/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

$52,800

20% conventional investment loan

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

Estimated Gross Rent+$1,267

Principal + Interest−$1,441

Property Tax (assumed ~2.1%)−$462

Insurance (assumed ~0.5%)−$110

Est. Monthly Cash Flow $-746

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 Elgin, TX

Elgin 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 · 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 18, 2026.

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

124 Tillage Rd

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Elgin, TX

More Luxury Homes in Elgin

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