About This Home

Investor opportunity in a rapidly redeveloping pocket of South Austin! Opportunity in the 78704 area of South Austin near St. Edward’s University and Blunn Creek Nature Preserve, with convenient access to Downtown Austin and nearby shopping including HEB on South Congress. Located in the established Sherwood Oaks neighborhood where redevelopment activity, including new construction and renovations, is present. Property may offer potential for renovation or new construction. Buyer to independently verify zoning, building restrictions, and development potential.

At $503/sqft, this home is priced 28% above the Austin active market average of $393/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →

Location

2510 Little John Ln, Austin, TX 78704

Open in Google Maps ↗ Get Directions ↗

Property Details

Price $699,999

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,393 sqft

Lot Size 0.20 acres (8,542.12 sqft)

Year Built 1961

Garage ,

Stories ,

Type Residential · Single Family Residence

Subdivision Sherwood Oaks Sec 03

County Travis

Zip Code 78704

$/sqft $503/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $12,999.19

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT225333396

List Date April 10, 2026

Elementary School Travis Hts

Middle School Lively

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.

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

207 Woodward St
Woodward Indust District $699,900 $443 4 bd / 2 ba 1,580 sqft , 2026-07-16

3604 Wilson St
Cherry Hills $699,000 $520 3 bd / 2 ba 1,344 sqft , 2026-05-31

611 W Live Oak St
Bouldin South Ext $685,000 $619 2 bd / 2 ba 1,107 sqft , 2026-08-12

2209 S 1st St #237
Bouldin $679,000 $633 2 bd / 2 ba 1,072 sqft , 2026-06-17

2606 Friar Tuck Ln
Sherwood Oaks Sec 04 $675,000 $419 3 bd / 2 ba 1,612 sqft , 2026-09-02

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

$3,360/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

$140,000

20% conventional investment loan

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

Estimated Gross Rent+$3,360

Principal + Interest−$3,820

Property Tax (~2.1% TX avg)−$1,225

Insurance (~0.5%)−$292

Est. Monthly Cash Flow $-1,977

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 July 5, 2026.

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

2510 Little John Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

More Luxury Homes in Austin

Explore Austin Real Estate