2202 Santa Rita ST
About This Property
Inside, the flexible floor plan offers space to gather, work, host, & unwind. The first floor features a private bedroom & full bath, perfect for guests. The second level includes the primary suite with a dedicated home office, two additional bedrooms, & another full bath. Upstairs, the spacious loft offers endless possibilities as another bedroom, 2nd living area, workspace, or studio. Even the garage has been thoughtfully transformed into a home gym, making it easy to start your day without leaving home.
Beyond its incredible location and livability, this home also offers a rare financial opportunity. Exceptional homes w/ income-producing potential are difficult to find. Whether you're looking to expand your investment portfolio, offset the costs of a second home, or enjoy the flexibility of a primary residence with short-term rental potential, this house delivers.
Based on projections provided by a professional short-term rental management company, the home is estimated to generate more than $107k+ in annual gross revenue, w/ average monthly income projected between $4k-$5k & peak months estimated $11k+. Combined w/ its spacious layout, flexible design, & highly desirable East Austin location, this home is well positioned for buyers seeking both lifestyle & income potential.
Whether you're searching for a primary residence, an investment property, or the perfect combo of both, this is an opportunity that's increasingly hard to find in one of Austin's most sought-after neighborhoods.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Oct 1, 2026 | Price Decreased |
$997,000
↓ $53K
(5.1%) | |
| Price Decreased | |||
| Aug 22, 2026 | Price Decreased |
$1,050,000
↓ $100K
(8.7%) | |
| Price Decreased | |||
| Jun 30, 2026 | Listed by Compass RE Texas, LLC | $1,150,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017