








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Leander at 2309 Spokane Dr, Leander, TX, 78641 uses $143,586 cash to close to unlock $214/yr annual cash flow and $18/mo monthly cash flow. Total monthly income runs $3,098/mo, and a $2,120/mo payment keeps the spread at $18/mo. Purchase price stands at $433,140, and rental yield measures 8.58% with $3,098/mo rent. Return on cash invested shows 20.06% in year one, and 5% annual appreciation builds toward $119,669 over five years. Five-year ROI reaches 104.85% and total cumulative return in cash records $150,544. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,098/mo property income covering a $2,120/mo payment rather than investor’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 |
|---|---|---|
| 2025-12-05 | Price change | $433,140 |
| 2025-11-20 | Price change | $498,140 |
| 2025-11-14 | Listed for sale | $497,990 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-15 | $1359.10 | N/A | $105,000 | N/A |



Listed by: N/A • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A