40
Map
2640 Piping Rock TRL
About This Property
Step outside and discover what truly sets this property apart - a detached approximately 288 sq ft backyard ADU or casita offering incredible bonus space. Guest house is rentable and has produced upwards of $20K in income to the owner, AirBnB statistics available in MLS docs. Ideal for guests, a home office, studio, or creative retreat. (Buyer to verify allowable uses.) The backyard is a gardener's dream, complete with dedicated garden beds that are already planted for you, plus a charming chicken coop for those seeking a more sustainable lifestyle. Whether you envision farm-to-table living, rental potential, or multigenerational flexibility, this property delivers options rarely found at this price point (priced below recent appraisal - see MLS docs). Instant equity and a rentable space - how AWESOME is that?
Conveniently located in South Austin with easy access to shopping, dining, and major thoroughfares, this home presents a unique opportunity to own a property with character, versatility, and room to grow.
Endless possibilities await at 2640 Piping Rock Trl.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 31, 2026 | In contract | - | |
| In contract | |||
| Mar 20, 2026 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by AustinReps, LLC | $450,000 | |
| Listed by AustinReps, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017