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$585,000

For Sale - Active
2305 Little Elm Trl, Cedar Park, TX 78613
4 Beds
3 Baths
2,776 Square Feet
0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a
Checked: 15 hours ago
Updated: Aug 12, 2025 at 03:22AM

Investment Summary


Monthly Cash Flow
-$1,812
Cap Rate
2.0%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-11.6%

Property Description


0.00 Acres Lot
Built in 1998
For Sale - Active
Units n/a

Welcome to this inviting 4-bedroom, 2.5-bathroom home with 2,776 square feet of well-planned living space, ideally located in the desirable Lakeline area. Perfect for buyers seeking space, comfort, and functionality, this two-story home offers an open layout with great natural light throughout. The main level includes a modern granite and stainless steel kitchen that opens to the living area, a dedicated home office or study, and a spacious primary suite with excellent storage. Upstairs, you'll find three additional bedrooms and a large media room - perfect for movie nights, gaming, or extra living space. Outside features a shady backyard with mature trees and an open patio, ideal for relaxing or hosting friends and family. A 2-car garage provides added convenience. With its thoughtful layout, great location, and move-in-ready appeal.

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Location


Property Details


Parking

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

Bedroom Information

  • # of Bedrooms: 4

Bathroom Information

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

Interior Features

  • # of Stories: 2
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Combination
  • Foundation: Slab
  • Roof Type: Hip
  • Roof Material: Composition

HOA

  • Has HOA: Yes
  • Association: LAKELINE
  • HOA Fee: $120/annually

Land Information

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

Lot Information

  • Parcel ID: R17W333625J00120009
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Two Story
  • Year Built: 1998

Tax Information

  • Annual Tax: $11,592

Utilities

  • Heating: Central, Electric
  • Cooling: Ceiling Fan(s), Central Air

Location

  • County: Williamson

Listing Details


Listed by:
Sasha Jam
JPAR San Antonio
(210) 556-9005

Source:
San Antonio Board of REALTORS
MLS#: 1877018
San Antonio Board of REALTORS

Investment Summary


Monthly Cash Flow
-$1,812
Cap Rate
2.0%
Cash-on-Cash Return
-16.2%
Debt Coverage Ratio
0.35
Internal Rate of Return (5 years)
-11.6%

Purchase Details

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Purchase price:
$585,000
Amount financed:
-$468,000
Down payment:
$117,000
Closing costs:
$17,550
Rehab costs:
$0
Initial cash invested:
$134,550
Square feet:
2,776
Cost per square foot:
$211
Monthly rent per square foot:
$1.01

Financing Details

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Loan amount:
$468,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$2,768
Property tax:
$966
Insurance:
$196
Private mortgage insurance (PMI):
$0
Monthly payment:
$3,930

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,800 $33,600
Vacancy loss: (6%)
6% -$168 -$2,016
Operating income:
$2,632 $31,584

Operating Expenses


% Rent Monthly Yearly
Property taxes: (35%)
35%-$966-$11,592
Insurance: (7%)
7%-$196-$2,352
Property management: (8%)
8%-$224-$2,688
Repairs & maintenance: (5%)
5%-$140-$1,680
Capital expenditures: (5%)
5%-$140-$1,680
HOA fees: (0%)
0%-$10-$120
Total operating expenses: (60%)
60%-$1,676-$20,112

Cash Flow


Monthly Yearly
Net operating income:
$956 $11,472
Mortgage payments:
-$2,768 -$33,216
Cash flow:
$1,812 $21,744