Active Listing  ·  120 days on market

17804 Rye Spring Dr

Elgin, TX 78621
$220,000
4 Bed 2 Bath 1,684 sqft $131/sqft Built 2020 0.10 acres 2-Car Garage Pool Elm Crk North Ph 1

The classic brick exterior anchors this four-bedroom, two-bathroom single-story residence in ELGIN, offering a serene and inviting atmosphere across 1,684 square feet of interior space.

Inside, the residence features a layout that provides four bedrooms and two full bathrooms, offering functional space for everyday living and quiet relaxation. The single-story design ensures ease of movement throughout the home.

Situated on a lot of 0.1 acres, the property offers outdoor potential within the community, all located at 17804 RYE SPRING DR. This home presents an opportunity to experience a peaceful lifestyle in TX 78621.

At $131/sqft, this home is 43% 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

17804 Rye Spring Dr, Elgin, TX 78621

Property Details

Price $220,000
Status Active Listing
Beds 4
Full Baths 2
Half Baths ,
Living Area 1,684 sqft
Lot Size 0.10 acres (4,464.9 sqft)
Year Built 2020
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Elm Crk North Ph 1
County Travis
Zip Code 78621
$/sqft $131/sqft
Days on Market ,
HOA $55/Monthly
Annual Tax Est. $7,453.01
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235995217
List Date July 15, 2026
Elementary School Neidig
Middle School Elgin
High School Elgin
School District Elgin ISD

Elgin ISD

Neidig · Elgin · Elgin

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
13508 Sierra Wind Ln
Westwind Sec 01 Amd Of
$220,000 $169 3 bd / 2 ba 1,302 sqft , 2026-07-20
23608 SKYROCKET St
Elm Creek
$223,749 $142 4 bd / 2 ba 1,575 sqft , 2026-09-02
23525 FIRELIGHT Dr
Elm Creek
$223,749 $160 3 bd / 2 ba 1,402 sqft , 2026-09-15
17912 Honey Locust Ln
Elm Creek Sec 02
$225,000 $159 4 bd / 2 ba 1,412 sqft , 2026-06-05
17813 Honey Locust Ln
Elm Crk Sec 02
$225,000 $159 4 bd / 2 ba 1,412 sqft , 2026-08-10

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
$1,056/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
$44,000
20% conventional investment loan

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

Estimated Gross Rent+$1,056
Principal + Interest−$1,201
Property Tax (assumed ~2.1%)−$385
Insurance (assumed ~0.5%)−$92
Est. Monthly Cash Flow $-622

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

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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 · 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 6, 2026.

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

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