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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 1612 Devine Lake Bnd, Leander, TX, 78641 priced at $447,990 converts $3,536/mo rent into $350/mo cash flow after a $2,193/mo obligation. Total monthly income equals $3,536/mo, and annual cash flow totals $4,199/yr on $148,509 invested. Return on cash invested prints 22.74% in year one, and rental yield reads 9.47% against a $447,990 entry. Equity gained on principal adds $2,891/yr, while 5% annual appreciation compiles into $123,771 by year five. Five-year ROI reaches 119.21% and total cumulative return in cash sums $177,035. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,536/mo property income covering a $2,193/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-04-26 | Listed for sale | $447,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-27 | $1258.28 | -8.17% | $82,000 | N/A |
| 2022-04-27 | $1370.26 | 22.19% | $82,000 | 32.26% |
| 2021-04-27 | $1121.40 | N/A | $62,000 | N/A |
Listed by: N/A • Lennar
Mls Name: Lennar Homes
Mls Provider:
Mls ID: #N/A
