About This Home

Excellent turnkey addition to your rental portfolio! This cash-flowing property is currently occupied by a reliable, long-term tenant paying $2,000/month through May 2027 with a perfect payment history. Instant income from Day 1 with zero upfront vacancy or leasing costs. Market rents support an upside of up to $2,300/month. Property is managed professionally by Trusted Property Management. To respect tenant privacy, physical showings are restricted until an executed contract is in place. Drive-by viewings only.

At $190/sqft, this home is 17% below the San Marcos active market average of $229/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

341 W Spiny Lizard Ln W, San Marcos, TX 78666

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Property Details

Price $296,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,556 sqft

Lot Size 0.15 acres (6,577.56 sqft)

Year Built 2021

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Trace Sub Pa 1B Sec B

County Hays

Zip Code 78666

$/sqft $190/sqft

Days on Market ,

HOA $85/Monthly

Annual Tax Est. $5,587.41

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236641678

List Date June 17, 2026

Elementary School Rodriguez (San Marcos ISD)

Middle School Miller

High School San Marcos

School District ,

Have Questions About This Property?

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

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Similar Homes on the Market in San Marcos

Comparable Listings Right Now

Homes currently for sale in San Marcos 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

121 Knockout Rose Dr
La Cima $295,900 $195 3 bd / 2 ba 1,520 sqft , 2026-02-19

212 Lt John Decker Dr
Trace Sub Pa 2B Sec B $295,000 $198 3 bd / 2 ba 1,489 sqft , 2026-05-05

330 Grandview Dr
Eaglepoint Sub $295,000 $176 4 bd / 2 ba 1,680 sqft , 2026-06-24

601 Zunker St
Mill - Mill St Area-Residentia-Mill $295,000 $259 3 bd / 2 ba 1,140 sqft , 2026-06-26

125 Escala Way
Whisper Mixed Use Sub Ph 2 $295,000 $144 4 bd / 3 ba 2,044 sqft , 2026-06-23

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

$1,421/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

$59,200

20% conventional investment loan

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

Estimated Gross Rent+$1,421

Principal + Interest−$1,615

Property Tax (~2.1% TX avg)−$518

Insurance (~0.5%)−$123

Est. Monthly Cash Flow $-835

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 San Marcos, TX

San Marcos 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 June 22, 2026.

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

341 W Spiny Lizard Ln W

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near San Marcos, TX

More Luxury Homes in San Marcos

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