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$480,000

For Sale - Active
14802 Arrowhead Dr, Leander, TX 78641
3 Beds
3 Baths
1,415 Square Feet
0.34 Acres Lot
Built in 1964
For Sale - Active
Units n/a
Checked: 21 hours ago
Updated: Aug 26, 2025 at 10:12AM

Investment Summary


Monthly Cash Flow
-$1,131
Cap Rate
2.9%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Property Description


0.34 Acres Lot
Built in 1964
For Sale - Active
Units n/a

2 INCOME-PRODUCING HOUSES FOR THE PRICE OF ONE NEAR LAKE TRAVIS! Versatile property ... live in one house, rent out the other, rent out both as short-term rentals (STRs) or long-term, live in one and have relative or friend live in the other, tear down and build So many options! No carpet, underground electric, well, septic, security cameras. Total SF of 1,415 is 1,050SF for House No. 1 and 365SF for House No. 1. House No. 1 is a 1,050SF house with 2 living areas, dining room, 2 bedrooms, 1.5 bathrooms, full kitchen and laundry area. In Dec 2021, the 2BR house was updated with new windows, doors, cabinets, appliances, flooring, counter tops, faucets, HVAC, water heater, paint and more. House No. 2 is a 365SF house/studio with two rooms: The living room, bed and kitchenette are all in one room, and there is a full bathroom and a tankless water heater. The large, covered carport at the back of the property has an electric car charger. There is an alley at the back of the property for access to the back house. Both houses were rented as Airbnbs 2022-2025. Call about what can convey with the house.

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Location


Property Details


Parking

  • Description: AdditionalParking, AlleyAccess, DetachedCarport, DirectAccess, Driveway, Garage, ElectricVehicleChargingStations
  • Details: Additional Parking, Alley Access, Detached Carport, Direct Access, Driveway, Electric Vehicle Charging Station(s), Garage
  • Garage Spaces: 2
  • Spaces Total: 8

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Partial): 1
  • # of Baths (Total): 3.0

Interior Features

  • # of Stories: 1

Exterior Features

  • Foundation: Pillar/Post/Pier, Slab
  • Roof Type: Gable
  • Roof Material: Metal

Land Information

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

Lot Information

  • Parcel ID: 0164500502
  • Lot Size: 14819 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: 1st Floor Entry, Single level Floor Plan
  • Year Built: 1964

Tax Information

  • Annual Tax: $7,007

Utilities

  • Water & Sewer: Private, Well
  • Heating: Central, Electric, See Remarks
  • Cooling: Central Air, Electric, Other

Location

  • County: Travis

Listing Details


Listed by:
Betty England
E3 Endeavors LLC
(512) 619-3040

Source:
Unlock MLS (Austin Board of REALTORS)
MLS#: 8655400
Unlock MLS (Austin Board of REALTORS)

Investment Summary


Monthly Cash Flow
-$1,131
Cap Rate
2.9%
Cash-on-Cash Return
-12.3%
Debt Coverage Ratio
0.50
Internal Rate of Return (5 years)
-7.9%

Purchase Details

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Purchase price:
$480,000
Amount financed:
-$384,000
Down payment:
$96,000
Closing costs:
$14,400
Rehab costs:
$0
Initial cash invested:
$110,400
Square feet:
1,415
Cost per square foot:
$339
Monthly rent per square foot:
$1.77

Financing Details

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Loan amount:
$384,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,272
Property tax:
$584
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,031

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (23%)
23%-$584-$7,007
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (48%)
48%-$1,209-$14,507

Cash Flow


Monthly Yearly
Net operating income:
$1,141 $13,692
Mortgage payments:
-$2,272 -$27,264
Cash flow:
$1,131 $13,572