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$720,000

5221 Rain Lily Dr, Austin, TX, 78739

On MarketInfo
Beds4 Beds
Baths2 Bath
Baths2,684 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$268.26 / sqft
Year BuiltBuilt in 2015

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesOven, Cooktop, Dishwasher, Disposal, Gas Cooktop
FlooringCarpet, Tile

Exterior

Private PoolPrivate Pool
Exterior FeaturesNone
Lot Size6,752 sqft

Building Information

Year Built2015
Stories2
Roof Type105
Garage Spaces2

Land Information

APN04324408040000
Lot Number4
SubdivisionGreyrock Ridge Phs 2
Land UseResidential
Legal DescriptionLOT 4 BLK F GREYROCK RIDGE PHS 2
Census Tract033300
Assessed Land Value$150,000
Assessed Improvement Value$605,902
Assessment Year2025

About this property

Located in Grey Rock Ridge, a sought-after enclave within South Austin’s Circle C community, this thoughtfully maintained home offers timeless design, functional living spaces, and exceptional neighborhood amenities including a dedicated community pool, playground, sidewalks, mature landscaping, and access to highly rated public schools — all less than 20 minutes from downtown Austin. This picturesque community is characterized by wide streets, manicured lawns, and scenic surroundings that make everyday living feel both peaceful and connected. Inside, high ceilings and abundant natural light create a bright, inviting atmosphere throughout the home. The functional floor plan is designed for comfortable everyday living and effortless entertaining, featuring wood-look tile flooring and spacious living areas anchored by a well-appointed kitchen with generous granite countertops, ample cabinetry, and a large walk-in pantry. Outside, the beautifully maintained backyard offers a lush lawn, mature trees, and a covered patio perfect for relaxing mornings, evening gatherings, or year-round entertaining. Upstairs, the oversized primary suite provides a peaceful retreat complete with dual vanities, a soaking tub, separate shower, and a generous walk-in closet. Additional bedrooms and a spacious game room offer the flexibility and room to spread out. Enjoy convenient proximity to scenic trails, the Lady Bird Johnson Wildflower Center, premier shopping, dining, and everything Southwest Austin is known for. Costco, Whole Foods, Target, and Escarpment Village are all nearby, while Grey Rock Golf Club & Tennis and the extensive amenities of Circle C Ranch are just around the corner.

Investor Tools

$0Estimated Mortgage Balance
$755,902Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,535 /month
Positive
Cash Flow Estimate:
$1,512 /month

Interested in this property?

Serene Aandahl

Kuper Sotheby's Int'l Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,403/month
$1,058/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$13,056
$755,902
2025
$150,000
$605,902
$755,902
No

Tax History

Year
Tax Paid
Assessed Value
2024
$13,056
$755,902

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$783,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$3,630/mo
$1,058/mo
+$2,572/mo
5.8%

Learn About the Market: Opportunity in Austin

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Explore

Austin

Austin may be the Live Music Capital of the World, but it’s also one of America’s fastest-growing innovation hubs. Fueled by tech expansion, the University of Texas, state government, and a steady influx of new residents, Austin blends startup energy with Hill Country charm.

From downtown high-rises overlooking Lady Bird Lake to booming suburbs like Round Rock and Leander, the region attracts younger professionals, entrepreneurs, and remote workers seeking opportunity with lifestyle. Austin isn’t just growing — it’s redefining what modern Texas looks like.

Explore Texas Explore This Area
Population Growth

Population Growth

~0.4%

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$555,300

Unemployment Rate

Unemployment Rate

3.20%

Price Trend

Price Trend

~0.4% YoY growth

New Permits

New Permits

2,269 units

City: Austin

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5221 Rain Lily Dr | Property Details | No Agent List