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$375,000

Sale Pending
135 Pine Island Ln, Leander, TX 78641
4 Beds
2 Baths
1,766 Square Feet
0.00 Acres Lot
Built in 2017
Sale Pending
Units n/a
Checked: 14 hours ago
Updated: Aug 25, 2025 at 10:07AM

Investment Summary


Monthly Cash Flow
-$1,002
Cap Rate
2.5%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.5%

Property Description


0.00 Acres Lot
Built in 2017
Sale Pending
Units n/a

Motivated Seller!! Available for 0% Down AND 1% Lender Credit for a rate buy down from preferred lender! Welcome to this beautifully maintained one-owner home featuring 4 spacious bedrooms, 2 full bathroom with the 4th room being a versatile flex room—perfect for a home office, guest room, or playroom. Designed with modern living in mind, this home is loaded with smart appliances, no carpet throughout, and stylish upgrades that combine comfort and convenience. The open-concept living area flows effortlessly into the kitchen, where sleek countertops, contemporary cabinetry, and smart appliances make cooking and entertaining a breeze. The primary suite offers a peaceful retreat with a walk-in closet and en-suite bath. Step outside to the extended covered patio, complete with a built-in gas hookup for your grill—ideal for weekend cookouts or relaxing evenings outdoors. Additional highlights include: • Motion Detected Interior Lights • Wired for Security System • Easy to maintain landscaping • Move-in ready condition • Conveniently located with multiple entrances and exits into the subdivision Don’t miss your chance to own this upgraded gem in a desirable neighborhood!

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Location


Property Details


Parking

  • Description: Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 1
  • # of Stories: 1

Exterior Features

  • Exterior Walls Materials: Marble
  • Foundation: Slab
  • Roof Material: Composition, Shingle

HOA

  • Association: Larkspur HOA

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: R17W314210J0006
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Traditional
  • Year Built: 2017

Tax Information

  • Annual Tax: $8,944

Utilities

  • Water & Sewer: Public
  • Heating: Central
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Williamson

Listing Details


Listed by:
Ashton Reid
Fathom Realty-The Premier Real
(254) 493-2122

Source:
Central Texas MLS (CTXMLS)
MLS#: 582599
Central Texas MLS (CTXMLS)

Investment Summary


Monthly Cash Flow
-$1,002
Cap Rate
2.5%
Cash-on-Cash Return
-13.9%
Debt Coverage Ratio
0.44
Internal Rate of Return (5 years)
-9.5%

Purchase Details

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Purchase price:
$375,000
Amount financed:
-$300,000
Down payment:
$75,000
Closing costs:
$11,250
Rehab costs:
$0
Initial cash invested:
$86,250
Square feet:
1,766
Cost per square foot:
$212
Monthly rent per square foot:
$1.25

Financing Details

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Loan amount:
$300,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$1,775
Property tax:
$745
Insurance:
$154
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,674

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,200 $26,400
Vacancy loss: (6%)
6% -$132 -$1,584
Operating income:
$2,068 $24,816

Operating Expenses


% Rent Monthly Yearly
Property taxes: (34%)
34%-$745-$8,944
Insurance: (7%)
7%-$154-$1,848
Property management: (8%)
8%-$176-$2,112
Repairs & maintenance: (5%)
5%-$110-$1,320
Capital expenditures: (5%)
5%-$110-$1,320
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (59%)
59%-$1,295-$15,544

Cash Flow


Monthly Yearly
Net operating income:
$773 $9,276
Mortgage payments:
-$1,775 -$21,300
Cash flow:
$1,002 $12,024