About This Home

Situated on a spacious corner lot, this well-maintained 3-bedroom, 2-bath home offers an open layout filled with natural light and a functional kitchen. The backyard is made for enjoying the outdoors with an expansive multi-level deck, mature shade trees, and two versatile outbuildings—one previously used as a home gym and the other ideal for storage. For added peace of mind, the sellers recently completed a pre-listing home inspection.

At $196/sqft, this home is 18% 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

516 Emma Rose Trl, Leander, TX 78641

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Property Details

Price $297,500

Status Active Listing

Beds 3

Full Baths 2

Half Baths ,

Living Area 1,521 sqft

Lot Size 0.15 acres (6,468.66 sqft)

Year Built 2007

Garage 1.5 spaces

Stories ,

Type Residential · Single Family Residence

Subdivision Westview Mdws Ph 04

County Williamson

Zip Code 78641

$/sqft $196/sqft

Days on Market ,

HOA $99/Quarterly

Annual Tax Est. $6,170.69

Pool Yes

Waterfront ,

New Construction ,

MLS # ACT241603804

List Date July 29, 2026

Elementary School Camacho

Middle School Leander Middle

High School Leander High

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.

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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

500 Municipal Dr #402
Municipal Drive Townhomes $297,342 $207 3 bd / 3 ba 1,434 sqft , 2026-03-20

611 Clearcreek Dr
North Creek Sec 01 $299,000 $214 3 bd / 2 ba 1,398 sqft , 2026-07-24

500 Municipal Dr #302
Municipal Drive Townhomes $301,342 $195 3 bd / 3 ba 1,548 sqft , 2026-03-20

500 Municipal Dr #403
Municipal Drive Townhomes $301,342 $195 3 bd / 3 ba 1,548 sqft , 2026-03-24

500 Municipal Dr #401
Municipal Drive Townhomes $305,342 $210 3 bd / 3 ba 1,454 sqft , 2026-03-20

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

$1,428/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

$59,500

20% conventional investment loan

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

Estimated Gross Rent+$1,428

Principal + Interest−$1,624

Property Tax (~2.1% TX avg)−$521

Insurance (~0.5%)−$124

Est. Monthly Cash Flow $-841

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 →

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 →

516 Emma Rose Trl

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

516 Emma Rose Trl

Location

Property Details

Comparable Listings Right Now

Rental Income Potential

Major Employers Near Leander, TX

More Luxury Homes in Leander

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