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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Leander at 1029 Matheson Dr, Leander, TX, 78641 priced at $425,000 converts $2,400/mo rent into after a $2,080/mo obligation. Total monthly income equals $2,400/mo. Return on cash invested prints 14.46% in year one, and rental yield reads 6.78% against a $425,000 entry. Equity gained on principal adds $2,742/yr, while 5% annual appreciation compiles into $117,420 by year five. Five-year ROI reaches 74.91% and total cumulative return in cash sums $105,533. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $2,080/mo payment, not borrower’s personal income.
Single Family
Built in 2014
7,204 sqft lot
$N/A/sqft
$210 annually HOA
Neighborhood data shown for ZIP Code: 78641, Leander, TX area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 45,715 (100%) |
| Owner Occupied HU | 32,207 (70.5%) |
| Renter Occupied HU | 9,266 (20.3%) |
| Vacant Housing Units | 4,242 ( 9.3%) |
| Median Home Value | $526,820 |
| Average Home Value | $606,525 |
Residential
41,837
Single Family
37,816
Multi-Family
4,021
Businesses
1,109
Date | Event | Price |
|---|---|---|
| 2025-01-10 | Listed for sale | $425,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-02-13 | $6193.06 | -7.87% | $366,053 | 10.00% |
| 2022-02-13 | $6722.19 | -1.35% | $332,775 | 10.00% |
| 2021-02-13 | $6813.99 | 2.89% | $302,523 | 10.00% |
Listed by: Christopher Perkins • CB&A, Realtors
Mls Name: Unlock MLS
Mls Provider:
Mls ID: #6015280
Disclaimer: Based on information from Unlock MLS (alternatively, from ACTRIS) for the period through 2025-02-13 12:56:22 PST. Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided AS IS and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_27)
