About This Home

2246 sq ft of construction. In 2025 *** Completely remodeled, this versatile property offers modern, luxury upgrades, no restrictions, and unbeatable access to Austin. Situated on a large lot zoned SF-3-NP with no homeowners association, the possibilities are endless! Short-term rentals, a duplex configuration, two single-family residences, or future expansionthis property is strategically located for income generation. Inside, the home has been completely updated with a clean, contemporary design. Built in 1972, but nothing from that era remains. Hit Pump air conditioning with a 10-year warranty. Lot size for 15 cars or for business use, trailers, or

RV.

At $178/sqft, this home is 54% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2201 Teri Rd, Austin, TX 78744

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Property Details

Price $399,900

Status Active Listing

Beds 4

Full Baths 2

Half Baths ,

Living Area 2,246 sqft

Lot Size 0.24 acres (10,615.57 sqft)

Year Built 1972

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Peppertree Park Sec 01

County Travis

Zip Code 78744

$/sqft $178/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $6,558.25

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT245334141

List Date September 2, 2026

Elementary School Houston

Middle School Mendez

High School Travis

School District ,

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of Austin 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 · September 2, 2026 $413,700

Current ask $399,900

▼ Reduced $13,800 (-3.3%) 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 Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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

5506 S Pleasant Valley Rd
Village South Ph 02 $389,999 $250 5 bd / 2 ba 1,561 sqft , 2026-07-23

2100 Deadwood Dr
Peppertree Park Sec 01 $369,000 $209 4 bd / 2 ba 1,762 sqft , 2026-03-10

5307 Village Trl
Village South Ph 01 $339,000 $232 4 bd / 2 ba 1,460 sqft , 2026-09-18

5805 Shaded Cottage Ct #97
Arbor Ridge Condo Amd $325,000 $168 4 bd / 3 ba 1,931 sqft , 2026-07-15

400 Chippendale Ave
Greenwood Hills Sec 02 $479,000 $327 4 bd / 2 ba 1,464 sqft , 2026-10-01

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

$1,920/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

$79,980

20% conventional investment loan

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

Estimated Gross Rent+$1,920

Principal + Interest−$2,182

Property Tax (~2.1% TX avg)−$700

Insurance (~0.5%)−$167

Est. Monthly Cash Flow $-1,129

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 Austin, TX

Austin 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 October 2, 2026.

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

2201 Teri Rd