21603 Thomas Cv, Leander, TX, 78645 | 5.27% Rental Yield

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21603 Thomas Cv, Leander, TX, 78645 | 5.27% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Leander at 21603 Thomas Cv, Leander, TX, 78645 listed at $975,000 pairs $4,278/mo rent with a $4,772/mo payment. Total monthly income runs $4,278/mo. Return on cash invested measures 10.13% in year one, and rental yield registers 5.27% at a $975,000 basis. Equity gained on principal adds $6,292/yr, and annual property appreciation at 5% supports $269,375 by year five. Five-year ROI tracks 51.57% and total cumulative return in cash totals $165,423. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,278/mo property income relative to a $4,772/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2019

1.74 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to 21603 Thomas Cv, Lago Vista, Texas where modern luxury meets limitless potential. Nestled just steps from Lake Travis, this custom 4-bedroom, 3-bath home sits on 1.74 acres of flat, cleared land, offering stunning Hill Country and Lake Travis views with rare R4 multifamily zoning for future expansion or investment. Step inside and experience the perfect blend of elegance and function 12 ceilings, floor-to-ceiling windows, and an open-concept layout that flows seamlessly into the covered outdoor living space with a full outdoor kitchen (BBQ, sink, refrigerator). The ideal place to relax, entertain, or add a pool to capture the Texas sunsets. Built with 2x6 energy-efficient construction and full spray-foam insulation, this home was designed for comfort and longevity. The versatile floor plan works beautifully for families, multigenerational living, or investors with room to add a guest house, workshop, or additional duplexes/homes along the front of the property. Property Highlights: 4 Bedrooms | 3 Bathrooms | 1.74 Acres Flat, Cleared, and Build-Ready, R4 Zoning: Multifamily, Duplexes, Townhomes, or Assisted Living Potential, Covered Patio with Outdoor Kitchen, Lake Travis & Hill Country Views, Full Spray-Foam Insulation | 2x6 Construction | Energy Efficient. OFFERING - Rate Buydown to 3.99% with Preferred Lender Bonus Opportunity: Seller also owns the adjacent 1.86-acre tract, allowing buyers to expand into a 3.6-acre estate or future development site a rare chance to own one of the most flexible luxury properties near Lake Travis. Dont wait this property offers luxury, location, and investment potential in one. Schedule your private showing today before its gone!

Neighborhood Data

Neighborhood data shown for ZIP Code: 78645, Leander, TX area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	8,635 (100%)
Owner Occupied HU	6,007 (69.6%)
Renter Occupied HU	944 (10.9%)
Vacant Housing Units	1,684 (19.5%)
Median Home Value	$614,329
Average Home Value	$720,474