About This Home

The Newlin - This single-level home showcases a spacious open floorplan shared between the kitchen, dining area and family room for easy entertaining. An owner’s suite enjoys a private location in a rear corner of the home, complemented by an en-suite bathroom and walk-in closet. There are two secondary bedrooms at the front of the home, which are comfortable spaces for household members and overnight guests. Prices, dimensions and features may vary and are subject to change. Photos are for illustrative purposes only. Estimated completion October 2026. The completion date, prices and features may vary and are subject to change. Please verify with Lennar directly.

At $146/sqft, this home is 36% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1616 Iron Truss Rd, San Marcos, TX 78666

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $216,999

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,484 sqft

Lot Size 0.10 acres (4,356 sqft)

Year Built 2026

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision River Bridge Ranch

County Hays

Zip Code 78666

$/sqft $146/sqft

Days on Market ,

HOA $65/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240713399

List Date July 21, 2026

Elementary School Dezavala

Middle School Goodnight

High School San Marcos

School District ,

Have Questions About This Property?

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.

Schedule a Call →

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 · July 21, 2026 $236,999

Current ask $216,999

▼ Reduced $20,000 (-8.4%) 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

217 Teron Dr
El Camino Real Ph 2 Sec 3 $215,000 $185 3 bd / 2 ba 1,160 sqft , 2026-05-03

113 Clovis Cv
Cottonwood Crk Ph 4 Un 1 $215,000 $178 3 bd / 2 ba 1,206 sqft , 2026-06-18

1202 Thorpe Ln #406D
Village At Springtown Condos $215,000 $197 2 bd / 2 ba 1,091 sqft , 2026-07-16

1202 Thorpe Ln #315
Village At Springtown Condos $215,000 $175 2 bd / 2 ba 1,230 sqft , 2026-07-29

506 W San Antonio St #205
The Crossing Condos $219,000 $206 2 bd / 2 ba 1,063 sqft , 2026-06-14

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

$1,042/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

$43,400

20% conventional investment loan

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

Estimated Gross Rent+$1,042

Principal + Interest−$1,184

Property Tax (~2.1% TX avg)−$380

Insurance (~0.5%)−$90

Est. Monthly Cash Flow $-612

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 San Marcos, TX

San Marcos 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 11, 2026.

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

1616 Iron Truss Rd