About This Home

***Fixer upper special***

Pick up this reasonably priced project house and make it into a home! Great curb appeal- just needs flooring/paint/fixtures. Neighborhood pool and quick access to Hwy 183. Great schools, and lots of growth in the area, including a new Scheels super sporting goods store, right down the street.

At $192/sqft, this home is 20% below the Leander active market average of $239/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

407 MCCARTHUR Dr, Leander, TX 78641

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Property Details

Price $270,000

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,405 sqft

Lot Size ,

Year Built 2003

Garage 2 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision HORIZON PARK

County Williamson

Zip Code 78641

$/sqft $192/sqft

Days on Market ,

HOA None / verify with agent

Annual Tax Est. ,

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT236295809

List Date June 15, 2026

Elementary School Whitestone

Middle School Knox Wiley

High School Rouse

School District ,

Have Questions About This Property?

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.

Schedule a Call →

Price History

How This Ask Has Moved

Original list price versus what this home is asking today. Straight from the ACTRIS MLS feed, no interpretation.

Original ask · June 15, 2026 $280,000

Current ask $270,000

▼ Reduced $10,000 (-3.6%) from original ask

Source: ACTRIS MLS. Price change timestamp reflects the most recent adjustment on record; the feed does not expose intermediate steps between the original ask and today's ask.

Similar Homes on the Market in Leander

Comparable Listings Right Now

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

110 Brentwood Dr
Horizon Park Sec 1 $275,000 $197 3 bd / 2 ba 1,396 sqft , 2026-05-09

1702 Ireland Dr
County Glen Sec 08 $279,999 $265 3 bd / 2 ba 1,058 sqft , 2026-07-01

40 Verde Ranch Loop
LAKELINE RANCH $255,000 $135 3 bd / 3 ba 1,892 sqft , 2026-08-05

101 Presidio Dr
Horizon Park Sec 1 $289,900 $187 3 bd / 2 ba 1,547 sqft , 2026-07-08

409 Kathleen Ln
Block House Creek $294,900 $167 4 bd / 2 ba 1,770 sqft , 2026-04-18

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

$1,296/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

$54,000

20% conventional investment loan

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

Estimated Gross Rent+$1,296

Principal + Interest−$1,474

Property Tax (~2.1% TX avg)−$473

Insurance (~0.5%)−$113

Est. Monthly Cash Flow $-764

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:

Apple Campus (Domain) 25 min SE

Dell Technologies HQ 20 min SE

Samsung Austin Semiconductor 30 min SE

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 August 7, 2026.

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

407 MCCARTHUR Dr