About This Home

Well-maintained 3 bedroom, 2 bath home located in the desirable Sonterra subdivision. This property offers an excellent investment opportunity with a lease already in place, providing immediate rental income for the new owner. Spacious layout, functional floor plan, and a great location make this home an attractive addition to any investment portfolio. Tenant occupied — perfect for investors seeking a turnkey rental property with established occupancy. Don’t miss the chance to own in this growing community!

At $165/sqft, this home is 11% below the Jarrell active market average of $186/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

204 Meaningful Dr, Jarrell, TX 76537

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Property Details

Price $232,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,410 sqft

Lot Size 0.20 acres (8,712 sqft)

Year Built 2020

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Bailey Park

County Williamson

Zip Code 76537

$/sqft $165/sqft

Days on Market ,

HOA $240/Annually

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT230777517

List Date May 20, 2026

Elementary School Jarrell

Middle School Jarrell

High School Jarrell

School District ,

Have Questions About This Property?

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

Comparable Listings Right Now

Homes currently for sale in Jarrell 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

417 Greatest Gift Way
Bailey Park Ph 1 $236,999 $128 3 bd / 3 ba 1,858 sqft , 2026-07-10

108 Judge King Dr
Sonterra West Sec 08-B $237,950 $177 3 bd / 2 ba 1,342 sqft , 2026-05-31

509 Callisto Ct
Sonterra $225,000 $160 3 bd / 2 ba 1,402 sqft , 2026-05-23

212 Hyacinth Way
Sonterra West $225,000 $146 3 bd / 2 ba 1,536 sqft , 2026-08-05

137 Miracle Dr
Bailey Park Ph 2 $225,000 $185 3 bd / 2 ba 1,219 sqft , 2026-08-26

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

$1,114/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

$46,400

20% conventional investment loan

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

Estimated Gross Rent+$1,114

Principal + Interest−$1,266

Property Tax (~2.1% TX avg)−$406

Insurance (~0.5%)−$97

Est. Monthly Cash Flow $-655

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 Jarrell, TX

Jarrell 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 July 10, 2026.

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

204 Meaningful Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Jarrell, TX

More Luxury Homes in Jarrell

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