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$445,000

For Sale - Active
10207 Ray Ave, Austin, TX 78758
4 Beds
2 Baths
1,528 Square Feet
0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a
Checked: 1 day ago
Updated: Jun 21, 2025 at 03:06AM

Investment Summary


Monthly Cash Flow
-$1,198
Cap Rate
2.4%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-9.6%

Property Description


0.00 Acres Lot
Built in 1973
For Sale - Active
Units n/a

This charming single-story 4-bedroom, 2-bath home with no rear neighbors, offers a warm and inviting atmosphere with a layout designed for both comfort and entertaining. The open floor plan features recently updated living, dining, and kitchen areas that flow seamlessly together, perfect for gatherings and everyday living. Luxury vinyl flooring runs throughout the main living spaces, while the bedrooms are carpeted for added comfort and the bathrooms are finished with durable tile. Step outside into a backyard oasis that truly sets this home apart—featuring a spacious covered deck, an additional covered patio, an open-air patio, a fun tiki bar, and a small storage building for added convenience. The expansive outdoor space is ideal for weekend BBQs, relaxing evenings, or hosting friends and family. Nestled in a convenient location with quick access to shopping, dining, and major roads, this home also comes with the added bonus of no HOA. A rare find that combines thoughtful interior updates with an entertainer’s dream backyard.

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Location


Property Details


Parking

  • Description: Garage
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 3
  • # of Stories: 1
  • Fireplace: Yes

Exterior Features

  • Foundation: Slab
  • Roof Type: Gable
  • Roof Material: Composition, Shingle

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 0245180811
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Ranch
  • Year Built: 1973

Tax Information

  • Annual Tax: $7,317

Utilities

  • Water & Sewer: Public
  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air, Electric

Location

  • County: Travis

Listing Details


Listed by:
Jason Bouchard
Redfin Corporation
(512) 663-2586

Source:
Central Texas MLS (CTXMLS)
MLS#: 582285
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$1,198
Cap Rate
2.4%
Cash-on-Cash Return
-14.0%
Debt Coverage Ratio
0.43
Internal Rate of Return (5 years)
-9.6%

Purchase Details

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Purchase price:
$445,000
Amount financed:
-$356,000
Down payment:
$89,000
Closing costs:
$13,350
Rehab costs:
$0
Initial cash invested:
$102,350
Square feet:
1,528
Cost per square foot:
$291
Monthly rent per square foot:
$1.44

Financing Details

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Loan amount:
$356,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,106
Property tax:
$610
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,870

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (28%)
28%-$610-$7,317
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (53%)
53%-$1,160-$13,917

Cash Flow


Monthly Yearly
Net operating income:
$908 $10,896
Mortgage payments:
-$2,106 -$25,272
Cash flow:
$1,198 $14,376