About This Home

Remodeled 3-bedroom, 2-bathroom home, with one car garage. Solid surface flooring throughout, nice countertops and backsplash in the kitchen with a large bar/countertop. The bedrooms are spacious and the bathrooms have beautiful finishes. The backyard is fenced and has a covered area for shade. This home puts you within convenient reach of local dining, shopping, recreation, entertainment and major roadways.

At $342/sqft, this home is 13% 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

509 Ramble Ln, Austin, TX 78745

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Property Details

Price $409,900

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,198 sqft

Lot Size 0.17 acres (7,361.64 sqft)

Year Built 1966

Garage 1 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Community Fairview Sec 01

County Travis

Zip Code 78745

$/sqft $342/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $8,877.24

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT243734122

List Date August 17, 2026

Elementary School Odom

Middle School Covington

High School Crockett

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

1805 Fair Oaks Dr
Deer Park Sec 01 $409,999 $415 3 bd / 1 ba 988 sqft , 2026-08-21

302 Rowland Dr
Greenwood Hills Sec 01 $415,000 $333 3 bd / 1 ba 1,248 sqft , 2026-06-17

4501 Gillis St
Forest Oaks $400,000 $424 3 bd / 1 ba 944 sqft , 2026-04-28

408 Blueberry Hl
Flournoys Sweetbriar Sec 11 $399,900 $405 3 bd / 2 ba 988 sqft , 2026-06-05

4510 Terry-O Ln #302
S Austin Industrial Park $422,000 $376 2 bd / 2 ba 1,122 sqft , 2025-12-24

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

$1,968/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

$81,980

20% conventional investment loan

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

Estimated Gross Rent+$1,968

Principal + Interest−$2,237

Property Tax (~2.1% TX avg)−$717

Insurance (~0.5%)−$171

Est. Monthly Cash Flow $-1,157

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 18, 2026.

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

509 Ramble Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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