








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 3404 American #1226 Drive, Leander, TX, 78645 uses $62,985 cash to close to unlock $949/yr annual cash flow and $79/mo monthly cash flow. Total monthly income runs $1,800/mo, and a $930/mo payment keeps the spread at $79/mo. Purchase price stands at $190,000, and rental yield measures 11.37% with $1,800/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 114.77% and total cumulative return in cash records $72,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,800/mo property income covering a $930/mo payment rather than investor’s personal income.
Condo
Built in 1987
4,356 sqft lot
$N/A/sqft
$280 monthly HOA
Neighborhood data shown for ZIP Code: 78645, Leander, TX area.
| 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 |
Residential
8,108
Single Family
8,037
Multi-Family
71
Businesses
488
Date | Event | Price |
|---|---|---|
| 2025-05-14 | Price change | $190,000 |
| 2025-03-28 | Price change | $197,500 |
| 2024-10-03 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-25 | $4231.05 | 6.44% | $204,007 | 3.32% |
| 2023-07-25 | $3974.95 | -3.40% | $197,454 | 5.46% |
| 2022-07-25 | $4114.80 | N/A | $187,223 | 61.30% |



Listed by: Brooke E LeMond • Keller Williams Heritage
Mls Name: HLMLS
Mls Provider:
Mls ID: #174401
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.