About This Home

Large, Shady 3/2 with Very Large Rooms! 2 living areas! This home features a unique layout with a Primary Suite and a private living room with a fireplace downstairs. The kitchen, an additional living area, and the dining room are on the upper level, with additional bedrooms and a bath. Large, fenced backyard. The property has fresh interior and exterior paint, along with all-new flooring.

At $274/sqft, this home is 30% below the Austin active market average of $392/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

2006 Lear Ln, Austin, TX 78745

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Property Details

Price $550,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 2,008 sqft

Lot Size 0.17 acres (7,566.37 sqft)

Year Built 1980

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Southwest Oaks Ph 02

County Travis

Zip Code 78745

$/sqft $274/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. $9,356.08

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT246304436

List Date September 12, 2026

Elementary School Cunningham

Middle School Covington

High School Crockett

School District ,

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Similar Homes on the Market in Austin

Comparable Listings Right Now

Homes currently for sale in Austin 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

1111 Spearson Ln
Cooper Oaks Sec 02 $550,000 $324 4 bd / 2 ba 1,695 sqft , 2026-08-13

7900 Finch Trl
Cherry Creek Ph 08 Sec 03 $549,900 $363 3 bd / 2 ba 1,515 sqft , 2026-06-04

2400 Broken Oak Dr
Cherry Creek Ph 07 Sec 02 $549,000 $376 3 bd / 2 ba 1,459 sqft , 2026-08-20

1414 Rambling Rose Rd
Novel $551,420 $256 3 bd / 3 ba 2,150 sqft , 2026-09-20

2406 Lancaster Dr
Castlewood Forest Sec 07 $545,900 $252 3 bd / 3 ba 2,170 sqft , 2026-09-16

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

$2,640/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

$110,000

20% conventional investment loan

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

Estimated Gross Rent+$2,640

Principal + Interest−$3,002

Property Tax (~2.1% TX avg)−$963

Insurance (~0.5%)−$229

Est. Monthly Cash Flow $-1,554

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 Austin, TX

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

Tesla Gigafactory 15-25 min E

Apple Campus (Domain) 20-30 min N

Google / Meta / Indeed 10-15 min downtown

Dell Medical School / UT Austin 10-20 min

Samsung Austin Semiconductor 25 min N

About the Author

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 September 13, 2026.

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

2006 Lear Ln

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Austin, TX

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