About This Home

3 bedroom, 2 bath home featuring a unique open concept floor plan with 2 versatile flex rooms that can be used as a home office, playroom, or additional living space. The kitchen opens to the main living area, and stainless steel appliances convey with the home. Conveniently located in Austin Colony with easy access to Tesla, Austin-Bergstrom International Airport, and Downtown Austin. Book a showing today!

At $152/sqft, this home is 61% below the Austin active market average of $390/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

508 Red Tails Dr, Austin, TX 78725

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Property Details

Price $265,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,740 sqft

Lot Size 0.14 acres (5,972.08 sqft)

Year Built 2006

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Austins Colony Sec 7A

County Travis

Zip Code 78725

$/sqft $152/sqft

Days on Market ,

HOA $50/Monthly

Annual Tax Est. $4,285.6

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT240156618

List Date July 26, 2026

Elementary School Hornsby-Dunlap

Middle School Dailey

High School Del Valle

School District ,

Have Questions About This Property?

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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

3902 Louise Lee Dr
Austin's Colony $265,000 $154 3 bd / 2 ba 1,722 sqft , 2026-02-04

4010 Louise Lee Dr
Austins Colony Ph 03 $265,000 $137 3 bd / 2 ba 1,929 sqft , 2026-04-16

4516 Kind Way #253
Chaparral Crossing Condo Amd $265,000 $185 3 bd / 3 ba 1,432 sqft , 2026-05-25

15111 Parrish Ln
Austin's Colony $265,000 $204 3 bd / 2 ba 1,300 sqft , 2026-07-13

4504 Inicio Ln
Chaparral Crossing Condo Amd $265,000 $202 3 bd / 3 ba 1,310 sqft , 2026-07-26

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

$1,272/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

$53,000

20% conventional investment loan

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

Estimated Gross Rent+$1,272

Principal + Interest−$1,446

Property Tax (~2.1% TX avg)−$464

Insurance (~0.5%)−$110

Est. Monthly Cash Flow $-748

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 August 3, 2026.

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

508 Red Tails Dr

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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