About This Home

To-be built new construction under $350K in Austin! Meet the Oakdale—our top-selling floor plan known for its incredible flow, stylish design, and smart use of space. Situated in a lively, fast-growing Austin pocket close to local dining, nightlife, and green spaces, this home offers the ultimate blend of location and affordability. New builds at this price point do not last. Construction will take ~4-5 months from contract. Visit our on-site model Monday–Sunday to secure yours before this release sells out!

At $330/sqft, this home is 16% below the Austin active market average of $393/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2410 Drew Lane Unit #5 None, Austin, TX 78748

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Property Details

Price $343,000

Status Active Listing

Beds 2

Full Baths 2

Half Baths 1

Living Area 1,039 sqft

Lot Size 0.07 acres (2,922.88 sqft)

Year Built 2027

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Drew Lane Condominiums

County Travis

Zip Code 78748

$/sqft $330/sqft

Days on Market ,

HOA $98/Monthly

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240861525

List Date August 4, 2026

Elementary School Kocurek

Middle School Bailey

High School Akins

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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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

1825 Friars Tale Ln
Canterbury Trails Sec 03 $329,900 $260 3 bd / 2 ba 1,271 sqft , 2026-08-27

1513 Canon Yeomans Trl
Canterbury Trails Sec 02 $325,000 $256 3 bd / 2 ba 1,271 sqft , 2026-08-21

10606 N Platt River Dr
Texas Oaks Sec 09 $300,000 $232 3 bd / 3 ba 1,293 sqft , 2026-05-21

10600 N Platt River Dr
Texas Oaks Sec 09 $299,000 $249 3 bd / 2 ba 1,203 sqft , 2026-04-19

9616 Holly Springs Dr
Tanglewood Forest Sec 02 Ph D $390,000 $332 3 bd / 2 ba 1,174 sqft , 2026-06-04

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

$1,646/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

$68,600

20% conventional investment loan

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

Estimated Gross Rent+$1,646

Principal + Interest−$1,872

Property Tax (~2.1% TX avg)−$600

Insurance (~0.5%)−$143

Est. Monthly Cash Flow $-969

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 September 21, 2026.

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

2410 Drew Lane Unit #5 None

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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