Active Listing  ·  35 days on market

2202 Santa Rita St

Austin, TX 78702
$1,150,000
4 Bed 3 Bath 2,497 sqft $461/sqft Built 2018 0.07 acres 1-Car Garage Pool Buena Vista

Experience the best of East Austin from this ideally located home, tucked away on a quiet residential street. Grab your morning coffee at Figure 8 Coffee, meet friends at Launderette or la Barbecue, bike to Lady Bird Lake & the Butler Trail, or head into Downtown, East 6th, Rainey Street, or UT, all just minutes away. This is the vibrant, walkable Austin lifestyle buyers dream about, w/ the added bonus of enjoying your own home on its own lot in the middle of it all.

Inside, the flexible floor plan offers space to gather, work, host, & unwind. The first floor features a private bedroom & full bath, perfect for guests. The second level includes the primary suite with a dedicated home office, two additional bedrooms, & another full bath. Upstairs, the spacious loft offers endless possibilities as another bedroom, 2nd living area, workspace, or studio. Even the garage has been thoughtfully transformed into a home gym, making it easy to start your day without leaving home.

Beyond its incredible location and livability, this home also offers a rare financial opportunity. Exceptional homes w/ income-producing potential are difficult to find. Whether you're looking to expand your investment portfolio, offset the costs of a second home, or enjoy the flexibility of a primary residence with short-term rental potential, this house delivers.

Based on projections provided by a professional short-term rental management company, the home is estimated to generate more than $107k+ in annual gross revenue, w/ average monthly income projected between $4k-$5k & peak months estimated $11k+. Combined w/ its spacious layout, flexible design, & highly desirable East Austin location, this home is well positioned for buyers seeking both lifestyle & income potential.

Whether you're searching for a primary residence, an investment property, or the perfect combo of both, this is an opportunity that's increasingly hard to find in one of Austin's most sought-after neighborhoods.

At $461/sqft, this home is priced 18% above the Austin active market average of $391/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2202 Santa Rita St, Austin, TX 78702

Property Details

Price $1,150,000
Status Active Listing
Beds 4
Full Baths 3
Half Baths ,
Living Area 2,497 sqft
Lot Size 0.07 acres (3,001.28 sqft)
Year Built 2018
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Buena Vista
County Travis
Zip Code 78702
$/sqft $461/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $13,637.82
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT230264477
List Date June 30, 2026
Elementary School Zavala
Middle School Kealing
High School Eastside Early College
School District ,

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.

Schedule a Call →

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
14020 Lakeview Dr
Comanche Trail 02
$1,150,000 $397 3 bd / 3 ba 2,895 sqft , 2026-01-19
2104 E 2nd St #1
2104 EAST 2ND STREET CONDOMINIUMS
$1,150,000 $551 4 bd / 4 ba 2,089 sqft , 2025-08-04
2717 Trail Of The Madrones None
Canyon View Estates
$1,150,000 $694 3 bd / 2 ba 1,658 sqft , 2026-03-09
4202 Wayfarer Way
The Grove
$1,150,000 $404 3 bd / 4 ba 2,844 sqft , 2026-04-17
4509 S 2nd St #1
Hartkopf
$1,150,000 $509 4 bd / 3 ba 2,260 sqft , 2026-05-24

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
$5,520/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
$230,000
20% conventional investment loan

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

Estimated Gross Rent+$5,520
Principal + Interest−$6,276
Property Tax (~2.1% TX avg)−$2,013
Insurance (~0.5%)−$479
Est. Monthly Cash Flow $-3,248

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

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