Active Listing  ·  237 days on market

8889 N Fm 487 None

Rockdale, TX 76567
$365,000
3 Bed 2 Bath 2,395 sqft $152/sqft Built 1940 2.12 acres 2-Car Garage Pool None

Relaxed country living at it's best! Approx. 35 minutes to the new Samsung plant out of Taylor. A 10-minute drive to Rockdale. Original home was built in the 1940's then a remodel in 1995. The garage, den and second story was added in 2008. There is an unfinished building with the potential of a guest house with a free standing stove, cabinets, window unit and a sink in it. The property also features a custom-built heated spa/pool behind the home, heater needs repair. There is also a storage building and a well house with storage as well. The well had a new pump installed in 2022. A rock waterfall is featured on the back part of property as well. The upstairs walk-in attic has the potential of another room! A new septic system was installed in April, 2019. Piano stays. FHA assumable loan at interest rate at 3.375%, must qualify.

At $152/sqft, this home is 53% below the Rockdale active market average of $323/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

8889 N Fm 487 None, Rockdale, TX 76567

Property Details

Price $365,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 2,395 sqft
Lot Size 2.12 acres (92,477.88 sqft)
Year Built 1940
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision None
County Milam
Zip Code 76567
$/sqft $152/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,867
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT218745011
List Date February 7, 2026
Elementary School Rockdale
Middle School Rockdale
High School Rockdale
School District ,

Luke Allen (TREC #788149) has deep knowledge of Rockdale and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

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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
$1,752/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
$73,000
20% conventional investment loan

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

Estimated Gross Rent+$1,752
Principal + Interest−$1,992
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow $-1,031

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 Rockdale, TX

Rockdale 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

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
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 June 1, 2026.

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