Active Listing  ·  73 days on market

1008 Longmeadow Dr

Round Rock, TX 78664
$250,000
3 Bed 2 Bath 1,305 sqft $192/sqft Built 1977 0.19 acres 2-Car Garage Pool Mesa Park Sec 2

Investor opportunity in highly desirable Round Rock! This tenant-occupied 3-bedroom, 2-bath home offers approximately 1,305 square feet and immediate rental income of $1,920 per month with a lease in place through September 30, 2026.

Being sold "as-is, where-is," this property presents an excellent value-add opportunity for investors seeking cash flow today with future upside potential. The home has been maintained as a long-term investment property and features a new dishwasher installed in August 2025. While functional and income-producing, the property offers opportunities for cosmetic updates that could further enhance value and future rental performance.

Round Rock continues to attract residents due to its strong employment base, proximity to major tech employers, quality schools, shopping, dining, and recreational amenities. The area's consistent rental demand and long-term growth make this an attractive addition to any investment portfolio.

Tenant occupied. Showings available by appointment for qualified and serious buyers only. Contact listing agent for additional lease information and showing requirements.

At $192/sqft, this home is 10% below the Round Rock active market average of $214/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

1008 Longmeadow Dr, Round Rock, TX 78664

Property Details

Price $250,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,305 sqft
Lot Size 0.19 acres (8,389.66 sqft)
Year Built 1977
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Mesa Park Sec 2
County Williamson
Zip Code 78664
$/sqft $192/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,627.14
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235820907
List Date June 11, 2026
Elementary School Vic Robertson
Middle School CPL Robert P Hernandez
High School Stony Point
School District ,

Luke Allen (TREC #788149) has deep knowledge of Round Rock and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.

Schedule a Call →

Similar Homes on the Market in Round Rock

Comparable Listings Right Now

Homes currently for sale in Round Rock with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.

AddressList Price$/sqftBeds/BathsSqftDOMListed
1500 Wroxton Way
Mesa Ridge Sec 01
$255,000 $174 3 bd / 2 ba 1,464 sqft , 2026-04-28
1809 Laurel Path
Meadows At Chandler Creek Sec 01 Rev Bloc
$260,000 $233 3 bd / 2 ba 1,116 sqft , 2026-07-27
1709 W Mesa Park Dr
Mesa Park Sec 2
$239,000 $160 3 bd / 2 ba 1,492 sqft , 2026-08-14
2429A Curry Loop
Garden Villas At Curry Loop Rep Lts 13-16
$266,500 $195 3 bd / 2 ba 1,366 sqft , 2026-05-07
2206 Bluebonnet Dr
Chandler Creek Sec 06c
$269,000 $210 3 bd / 2 ba 1,280 sqft , 2026-07-15

Source: ACTRIS MLS, live listings. Similar by ±1 bed, ±35% price, ±35% sqft. Contact Luke for a formal comparative market analysis.

Investment Analysis

Rental Income Potential

The numbers below use conservative Austin-market assumptions. They are estimates, not a guarantee. Actual rents vary by condition, timing, and management. Read our full Austin rental property guide →

Est. Monthly Rent
$1,200/mo
0.48% rule · conservative Austin est.
Gross Yield
5.76%
Annual rent ÷ purchase price
Cap Rate (est.)
3.46%
NOI after 40% vacancy + expenses
Down Payment
$50,000
20% conventional investment loan

Monthly Cash Flow Breakdown (20% down · 7.25% rate)

Estimated Gross Rent+$1,200
Principal + Interest−$1,364
Property Tax (~2.1% TX avg)−$438
Insurance (~0.5%)−$104
Est. Monthly Cash Flow $-706

At current rates and prices, many Austin luxury properties run neutral or slightly negative on pure cash flow, appreciation and equity paydown are the primary return drivers. BRRRR and off-market acquisitions can improve day-one cash flow. Learn about the BRRRR method in Austin →

Commute & Employment

Major Employers Near Round Rock, TX

Round Rock sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area:

Dell Technologies HQ 5 min
Apple Campus (Domain) 15 min S
Samsung Austin Semiconductor 20 min SW
Tesla Gigafactory 35 min S

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About the Author
Luke Allen, Austin TX Realtor, TREC #788149
Luke Allen
Licensed Austin TX Realtor · TREC #788149 · Full-time since 2019
★★★★★ 5.0 on Google · 30 Reviews

Luke Allen is a full-time Austin TX Realtor with the Austin Marketing + Development Group brokerage. He works with buyers, sellers, and investors across every Austin ISD and the surrounding neighborhoods, from Downtown and East Austin to Round Rock, Cedar Park, and the Hill Country. Every page on this site is written and maintained by Luke. This page was last updated on June 13, 2026.

📞 (254) 718-2567 [email protected] More about Luke →