The property at 2213 Santa Maria St offers a 1-bed, 1-bath, 560 sqft single-family unit in East Austin’s 78702 zip. Based on current comps and recent rent declines in Austin, the projected monthly rent ranges from $1,238 to $1,450. Annual gross revenue is roughly $14.9K–$17.4K. With an asking price of $275K, the estimated payback period lands between 16–18 years, assuming full occupancy. The area is seeing intense new construction and increased vacancy, which is softening rents despite the neighborhood’s prime location and ongoing revitalization.

To maximize rental value, consider cosmetic upgrades—modernize the kitchen and bath, refresh flooring, and boost curb appeal, as many nearby properties are being newly renovated or rebuilt. If selling, market the property’s redevelopment potential and proximity to downtown. For buy-and-hold investors, focus on tenant retention and flexible lease terms to stay competitive in this high-supply, evolving market.