About This Home

Upstairs, a generous loft offers flexible bonus space that lives like a second living area — ideal as a home office, fitness or yoga studio, media room, or play space. New flooring (Mar 2026) and new Roof and updated primary bathroom (Oct 2020). This beautiful property offers an amazing location (junction of major highways, 45, I-35, and Mopac/Loop 1)! Enjoy this property's serene natural light, beautiful arched windows, vaulted ceilings, and spacious rooms and living areas. The local area has mature trees and multiple annual events: parades, fireworks, and the local library offers wonderful classes and rental services. Property also has Google Fiber available.

At $206/sqft, this home is 47% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

3629 Ruby Red Dr, Austin, TX 78728

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Property Details

Price $415,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths 1

Living Area 2,012 sqft

Lot Size 0.15 acres (6,333.62 sqft)

Year Built 1996

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Willow Run Sec 10-A

County Travis

Zip Code 78728

$/sqft $206/sqft

Days on Market ,

HOA $210/Annually

Annual Tax Est. $6,713.81

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT224646727

List Date April 6, 2026

Elementary School Joe Lee Johnson

Middle School Deerpark

High School McNeil

School District ,

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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

3424 Rooba St
Preston Park Sec 1 $415,000 $194 3 bd / 3 ba 2,143 sqft , 2026-07-25

3101 Lions Tail St
Preston Park Sec 1 $415,000 $221 3 bd / 3 ba 1,877 sqft , 2026-08-14

4036 Tranquil Ln
Raceway Single Family Sub $419,900 $208 3 bd / 3 ba 2,020 sqft , 2026-07-19

169 Kulmbacher Dr
Willow Trace $429,900 $258 3 bd / 2 ba 1,664 sqft , 2026-08-14

2409 Water Well Ln
Wells Branch Ph A Sec 01 $399,950 $244 3 bd / 2 ba 1,642 sqft , 2026-05-14

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

$1,992/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

$83,000

20% conventional investment loan

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

Estimated Gross Rent+$1,992

Principal + Interest−$2,265

Property Tax (~2.1% TX avg)−$726

Insurance (~0.5%)−$173

Est. Monthly Cash Flow $-1,172

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 11, 2026.

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

3629 Ruby Red Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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