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5509 Rayburn LN
About This Property
Welcome home to this spacious two-story gem in the established Senate Hills neighborhood! Ideally situated just minutes from Mueller's incredible shopping, restaurants, entertainment, and farmers market, with easy access to Downtown Austin, I-35, and Highway 183, this location puts everything Austin has to offer within reach.
Outdoor enthusiasts will love being just a short walk from the Little Walnut Creek Greenbelt, offering miles of trails, green space, and opportunities to enjoy the outdoors.
Inside, you'll find a versatile floor plan featuring 3 bedrooms, 2.5 baths, and multiple living spaces designed for today's lifestyle. The main level offers an inviting living area, dining space, kitchen, utility room, and convenient half bath. Upstairs, the spacious primary suite is joined by two additional bedrooms, a full bath, and a large open flex space perfect for a game room, media room, home office, playroom, or second living area.
Step outside to a large, fenced backyard with plenty of room for entertaining, gardening, pets, or future outdoor enhancements. Whether you're a first-time buyer, growing family, or investor, this home offers space, convenience, and endless potential in one of Austin's most accessible locations.
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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 |
|---|---|---|---|
| Jun 8, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Listed by Ely Properties, Inc. | $449,900 | |
| Listed by Ely Properties, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017