Active Listing  ·  12 days on market

4506 Ronald Dr

Killeen, TX 76542
$155,000
2 Bed 2 Bath 1,047 sqft $148/sqft Built 1998 0.10 acres 1-Car Garage Pool Lancaster Estates

Looking for immediate cash flow or a 100% move-in ready home? This stylishly renovated 2Bed/2Bath home in Killeen has all to offer. From the designer touches to the fully furnished setup, absolutely everything has been done for you—just bring your suitcase —and your awesome self!

The open layout creates an inviting atmosphere with contemporary finishes throughout. Enjoy prime convenience, located just 10 minutes from Fort Hood (Fort Cavazos), 5 minutes from business centers including medical facilities, dining, and entertainments. Currently generating active cash flow as a short-term rental, this versatile property gives buyers the best of both worlds: a turnkey home for personal living or an established income producer from day one. Don't miss this rare, move-in ready opportunity.

At $148/sqft, this home is 13% below the Killeen active market average of $170/sqft, potentially representing value relative to comparable properties currently on the market. View Austin market report →

Location

4506 Ronald Dr, Killeen, TX 76542

Property Details

Price $155,000
Status Active Listing
Beds 2
Full Baths 2
Half Baths ,
Living Area 1,047 sqft
Lot Size 0.10 acres (4,247.1 sqft)
Year Built 1998
Garage 1 spaces
Stories ,
Type Residential · Single Family Residence
Subdivision Lancaster Estates
County Bell
Zip Code 76542
$/sqft $148/sqft
Days on Market ,
HOA None / verify with agent
Annual Tax Est. $3,118.45
Pool Yes
Waterfront ,
New Construction ,
MLS # ACT249446945
List Date October 12, 2026
Elementary School Reeces Creek
Middle School Charles E Patterson
High School Ellison
School District ,

Luke Allen (TREC #788149) has deep knowledge of Killeen 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 Killeen

Comparable Listings Right Now

Homes currently for sale in Killeen 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
3104 Ricks Rd
Morris Sub Ph One
$159,999 $123 3 bd / 3 ba 1,296 sqft , 2026-08-22

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
$744/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
$31,000
20% conventional investment loan

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

Estimated Gross Rent+$744
Principal + Interest−$846
Property Tax (~2.1% TX avg)−$271
Insurance (~0.5%)−$65
Est. Monthly Cash Flow $-438

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 Killeen, TX

Killeen 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

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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 October 19, 2026.

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