About This Home

Excellent Price on this SHORT SALE property. Ideal for investors with tenants already in place!!! 4 Beds. 2.5 Baths in this 1831 sqft home built in 2022. Turnkey ready. MUST SEE!! Very, Very Clean Immaculate home. Only 4 years old and in excellent condition. REFRIGERATOR & WASHER/DRYER included. Located in Cottonwood Creek in San Marcos. Great neighborhood Amenities. Beautiful town. Just a stone's throw to the San Marcos River. Convenient location close to San Marcos High School and just a 5 minute drive to Christus Santa Rosa Hospital.

At $131/sqft, this home is 44% below the San Marcos active market average of $232/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

724 Adler Way, San Marcos, TX 78666

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Property Details

Price $240,000

Status Active Listing

Beds 4

Full Baths 2

Half Baths 1

Living Area 1,831 sqft

Lot Size 0.14 acres (5,993.86 sqft)

Year Built 2022

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Cottonwood Creek

County Hays

Zip Code 78666

$/sqft $131/sqft

Days on Market ,

HOA $40/Monthly

Annual Tax Est. $6,283.94

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT238772957

List Date July 5, 2026

Elementary School Bowie

Middle School Goodnight

High School San Marcos

School District SanMarcosCONSISD

School District

SanMarcosCONSISD

Bowie · Goodnight · San Marcos

Have Questions About This Property?

Luke Allen (TREC #788149) has deep knowledge of San Marcos 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 San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos 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

1333 Morris Loop
Cottonwood Creek $241,509 $169 3 bd / 2 ba 1,428 sqft , 2026-09-09

113 Clovis Cv
Cottonwood Crk Ph 4 Un 1 $237,223 $197 3 bd / 2 ba 1,206 sqft , 2026-06-18

209 Hoya Ln
Cottonwood Creek Ph 1 Sec 1D $235,000 $139 4 bd / 2 ba 1,687 sqft , 2026-05-13

213 Lily Pond Trl
Cottonwood Creek Ph 3 Unit 5 $247,000 $160 4 bd / 2 ba 1,546 sqft , 2025-12-12

1348 Morris Loop
Cottonwood Creek $255,504 $154 3 bd / 2 ba 1,662 sqft , 2026-07-29

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

$1,152/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

$48,000

20% conventional investment loan

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

Estimated Gross Rent+$1,152

Principal + Interest−$1,310

Property Tax (assumed ~2.1%)−$420

Insurance (assumed ~0.5%)−$100

Est. Monthly Cash Flow $-678

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 San Marcos, TX

San Marcos 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 · 41 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. The written content was last updated on September 8, 2026.

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

724 Adler Way

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

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