Active Listing  ·  12 days on market

9622 Covey Ridge Ln

Austin, TX 78758
$240,000
2 Bed 1 Bath 930 sqft $258/sqft Built 1972 0.11 acres 1-Car Garage Pool Park At Quail Creek Amd

Fall in love with this beautifully maintained corner-lot townhome in the heart of Austin! Updated luxury vinyl flooring, installed within the past few years, flows throughout the home and is complemented by fresh landscaping that enhances its curb appeal. Step inside to soaring ceilings in the living room that create a bright, open feel, textured walls that add character, and a functional layout with a dedicated laundry room. The bathroom features grab bars for added accessibility and convenience. The HVAC system has been regularly serviced and maintained by Strand Brothers for added peace of mind. Enjoy your own private covered back patio, attached one-car garage, designated parking space, and additional guest parking. Conveniently located just minutes from The Domain, The Arboretum, and Downtown Austin, with easy access to major highways, shopping, dining, and entertainment. This thoughtfully maintained home is move-in ready and waiting for its next owner!

At $258/sqft, this home is 34% below the Austin active market average of $391/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

9622 Covey Ridge Ln, Austin, TX 78758

Property Details

Price $240,000
Status Active Listing
Beds 2
Full Baths 1
Half Baths ,
Living Area 930 sqft
Lot Size 0.11 acres (4,578.16 sqft)
Year Built 1972
Garage 1 spaces
Stories ,
Type Residential · Townhouse
Subdivision Park At Quail Creek Amd
County Travis
Zip Code 78758
$/sqft $258/sqft
Days on Market ,
HOA $260/Monthly
Annual Tax Est. $3,782.48
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT240984205
List Date July 23, 2026
Elementary School McBee
Middle School Burnet (Austin ISD)
High School Northeast Early College
School District ,

Luke Allen (TREC #788149) has deep knowledge of Austin 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 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
6810 Deatonhill Dr #4202
Deatonhill Condo Amd
$239,999 $226 2 bd / 2 ba 1,064 sqft , 2026-07-17
6409 Burns St #107
Burns Street Condominiums
$239,000 $288 2 bd / 2 ba 829 sqft , 2026-04-09
6906 CARVER Ave #A
St Johns College Add
$239,000 $244 2 bd / 1 ba 980 sqft , 2026-03-13
2311 W Nueces St #301
Stones Throw Condo
$239,000 $382 1 bd / 1 ba 626 sqft , 2026-07-08
5601 Woodrow Ave
Woodrow Place Twnhms
$238,900 $385 1 bd / 1 ba 620 sqft , 2026-03-10

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 (20% down · 7.25% rate)

Estimated Gross Rent+$1,152
Principal + Interest−$1,310
Property Tax (~2.1% TX avg)−$420
Insurance (~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 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

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