8405 Riverstone Dr Austin, TX 78724
Rogers Hill NeighborhoodEstimated payment $2,343/month
Total Views
5,045
6
Beds
4
Baths
2,432
Sq Ft
$136
Price per Sq Ft
Highlights
- No HOA
- Ductless Heating Or Cooling System
- 1-Story Property
- Walk-In Closet
- Living Room
- Central Heating and Cooling System
About This Home
Great investment income property, fully leased and cash flowing from day one. Offered at $345,000, which is below a recent appraisal. This fully occupied duplex features two spacious 3 bedroom 2 bathroom units generating $1,700 & $1,600 per month in rent per unit, totaling $3,300 per month or $39,600 per year in gross rental income. *Rent prices are subject to change.* Titled as real property, this is a rare opportunity to secure instant equity, consistent cash flow, and a turnkey asset in a high demand rental market. The property has a strong rental history and stays rented. Among the strongest cap rate opportunities currently available in Austin. Potential to refinance after purchase and access equity based on current valuation. Do not disturb tenants. Showings allowed by appointment only. 2 other Identical Units available; Sold individually or as a bundle!
Listing Agent
My Castle Realty Brokerage Phone: (713) 683-0054 License #0670597 Listed on: 07/18/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,692
Year Built
- Built in 2002
Lot Details
- 9,013 Sq Ft Lot
- North Facing Home
- Wood Fence
- Back Yard Fenced
- Level Lot
- Dense Growth Of Small Trees
Home Design
- Duplex
- Pillar, Post or Pier Foundation
- Block Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2,432 Sq Ft Home
- 1-Story Property
- Vinyl Clad Windows
- Living Room
- Laminate Flooring
- Fire and Smoke Detector
Kitchen
- Free-Standing Range
- Microwave
- Dishwasher
- Disposal
Bedrooms and Bathrooms
- 6 Bedrooms
- Walk-In Closet
- 4 Full Bathrooms
Parking
- Driveway
- Additional Parking
- Off-Street Parking
Schools
- Overton Elementary School
- Garcia Middle School
- Lyndon B Johnson High School
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number 02173805140000
- Tax Block C
Community Details
Overview
- No Home Owners Association
- Colony Meadows Sec 02 Subdivision
Pet Policy
- Call for details about the types of pets allowed
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,147 | $337,661 | $77,436 | $260,225 |
| 2023 | $7,147 | $388,066 | $75,000 | $313,066 |
| 2022 | $6,360 | $322,039 | $75,000 | $247,039 |
| 2021 | $5,747 | $264,033 | $25,000 | $239,033 |
| 2020 | $6,131 | $285,823 | $25,000 | $260,823 |
| 2018 | $5,639 | $254,682 | $25,000 | $229,682 |
| 2017 | $3,126 | $140,170 | $25,000 | $115,170 |
| 2016 | $3,191 | $143,086 | $25,000 | $118,086 |
| 2015 | $2,761 | $146,002 | $25,000 | $121,002 |
| 2014 | $2,761 | $116,000 | $25,000 | $91,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/20/2025 08/20/25 | Price Changed | $330,000 | -4.3% | $136 / Sq Ft |
| 07/18/2025 07/18/25 | For Sale | $345,000 | +66.9% | $142 / Sq Ft |
| 05/01/2018 05/01/18 | Sold | -- | -- | -- |
| 03/15/2018 03/15/18 | Pending | -- | -- | -- |
| 02/01/2018 02/01/18 | For Sale | $206,700 | -- | $96 / Sq Ft |
Source: Unlock MLS (Austin Board of REALTORS®)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $176,000 | Independence Title Co | |
| Trustee Deed | -- | None Available | |
| Trustee Deed | $123,719 | None Available | |
| Vendors Lien | -- | -- | |
| Vendors Lien | -- | Chicago Title Insurance Co | |
| Vendors Lien | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $171,500 | Purchase Money Mortgage | |
| Previous Owner | $138,250 | Fannie Mae Freddie Mac | |
| Previous Owner | $161,600 | No Value Available | |
| Previous Owner | $143,500 | Construction | |
| Closed | $20,200 | No Value Available |
Source: Public Records
Similar Homes in Austin, TX
Source: Unlock MLS (Austin Board of REALTORS®)
MLS Number: 7721422
APN: 499848
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