3 Bed2 Bath1,396 sqft$261/sqftBuilt 20000.13 acres2-Car GaragePoolHorizon Park Sec 1
About This Home
Amazing opportunity for a single story fixer-upper/investment for the handy owner occupant or investor.
At $261/sqft, this home is priced 8% above the Leander active market average of $241/sqft, reflecting premium positioning, typically tied to finishes, lot, location, or view. View Austin market report →
Luke Allen (TREC #788149) has deep knowledge of Leander and surrounding markets. Whether you're buying, selling, or just researching comparable sales, reach out for a no-pressure conversation.
Homes currently for sale in Leander with similar bedroom count, size, and price range, giving you real-time context for how this property's asking price compares to the active market.
AddressList Price$/sqftBeds/BathsSqftDOMListed
1500 Linwood St Devine Lake$364,999$1994 bd / 3 ba1,831 sqft,2026-04-09
1606 Rossport Bnd Block House Creek Ph D Sec 02$365,000$2393 bd / 3 ba1,526 sqft,2026-03-07
2108 Maplewood Dr Hawkes Landing$364,000$2273 bd / 2 ba1,606 sqft,2026-06-26
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
$1,752/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
$72,980
20% conventional investment loan
Monthly Cash Flow Breakdown (20% down · 7.25% rate)
Estimated Gross Rent+$1,752
Principal + Interest−$1,991
Property Tax (~2.1% TX avg)−$639
Insurance (~0.5%)−$152
Est. Monthly Cash Flow$-1,030
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 Leander, TX
Leander sits within commuting range of Austin's major tech, manufacturing, and corporate campuses. Approximate drive times from this area: