Active Listing  ·  73 days on market

3611 Walleye Way

Round Rock, TX 78665
$280,000
3 Bed 2 Bath 1,307 sqft $214/sqft Built 1995 0.15 acres 2-Car Garage Pool Meadow Lake Sec 03

Investor opportunity with long-term lease in place through April 30, 2027! This tenant-occupied 3-bedroom, 2-bath home offers approximately 1,307 square feet and generates $1,800.00 per month in rental income, providing immediate cash flow from day one.

Recent improvements completed in March 2025 include new carpet throughout, a new primary bathroom vanity, updated bathroom fixtures, and a comprehensive refresh of the primary bathroom with new caulking and sealing. These updates help reduce near-term maintenance expenses while enhancing the property's long-term appeal.

Located in the desirable Round Rock 78665 area, this home benefits from strong rental demand, proximity to major employers, shopping, dining, parks, and convenient access to the greater Austin metro. Round Rock continues to be one of Central Texas' most attractive markets for long-term real estate investment due to its consistent population growth and strong employment base.

Whether you're looking to expand your portfolio or acquire a turnkey rental with dependable income, this property offers an excellent opportunity. Tenant occupied. Showings available by appointment for qualified buyers only. Contact listing agent for lease details and showing requirements.

At $214/sqft, this home is priced in line with the Round Rock market average of $214/sqft across 684 active listings. View Austin market report →

Location

3611 Walleye Way, Round Rock, TX 78665

Property Details

Price $280,000
Status Active Listing
Beds 3
Full Baths 2
Half Baths ,
Living Area 1,307 sqft
Lot Size 0.15 acres (6,342.34 sqft)
Year Built 1995
Garage 2 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Meadow Lake Sec 03
County Williamson
Zip Code 78665
$/sqft $214/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $4,848.47
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT235823441
List Date June 11, 2026
Elementary School Union Hill
Middle School Hopewell
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
1025 Mohican None
Eagle Rdg Sec 06
$279,000 $230 3 bd / 2 ba 1,212 sqft , 2026-07-06
1312 Terra St
Indian Ridge Sec 01A
$274,990 $182 3 bd / 2 ba 1,507 sqft , 2026-03-30
1001 Zodiac Ln #11
University Village North Sec 6
$299,500 $214 3 bd / 3 ba 1,398 sqft , 2026-06-15
1347 Lakeside Loop
Meadow Lake Sec 01-B Rev
$300,000 $170 3 bd / 3 ba 1,761 sqft , 2026-07-24
1001 Zodiac Ln #38
University Village
$304,990 $191 3 bd / 3 ba 1,600 sqft , 2026-05-26

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
$1,344/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
$56,000
20% conventional investment loan

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

Estimated Gross Rent+$1,344
Principal + Interest−$1,528
Property Tax (~2.1% TX avg)−$490
Insurance (~0.5%)−$117
Est. Monthly Cash Flow $-791

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 →