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$449,000

NAL Estimated Property Value

505 Little Draw Ln, Leander, TX, 78641

Off MarketInfo
Beds5 Beds
Baths3 Bath
Baths2,747 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$191.08 / sqft
Year BuiltBuilt in 2021

Property Lead Type:

Absentee Owner

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Gas Range, Microwave, Gas Oven, Stainless Steel Appliance(s), Water Heater
FlooringCarpet, Vinyl

Exterior

Private PoolPrivate Pool

Building Information

Year Built2021
Stories2
Garage Spaces2

Land Information

APNR-17-W314-310Q-0080
Lot Number80
Land UseResidential
Legal DescriptionS12418 - CAUGHFIELD PH 10, BLOCK Q, LOT 80
Census Tract020329
Assessed Land Value$81,500
Assessed Improvement Value$363,417
Assessment Year2025

About this property

SELLER CLOSING COST INCENTIVE WITH ACCEPTED OFFER! Gorgeous two story home with an upstairs loft & game room! Upon entering this home you're greeted by the open kitchen that overlooks the dining and living area with a large central island, tons of crisp white cabinets for storage, tile backsplash, ample counterspace for meal prep, and state-of-the-art appliances for the inspired home chef. The welcoming living room has a beautiful tray ceiling and a wall of windows that stream in an abundance of natural light. It is the ideal space for gatherings or to have a relaxing night in. The spacious primary suite is tucked away at the back of the home with a luxurious en-suite bathroom that has a dual vanity, walk-in closet, and both a stand-in shower and soaking tub to relax in after a long night. The guest bedroom is conveniently located next to a bathroom for your guests to feel the ultimate comfort. The stairs lead up to the loft that can be used as an exercise space, a game room that's perfect for entertaining, and 3 sizeable secondary bedrooms that share a bathroom. The expansive backyard has a covered patio with a natural gas hookup for grilling, and vast amounts of greenspace for gardening projects and for pets to roam. Recently built in 2021, updated light fixtures on main level, located in desirable school district, close proximity to elementary school. Laundry room includes hookup for sink or second refrigerator as well as electric or gas hookups for dryer. Tons of space under the stairs, garage, and attic for storage. Located in Leander ISD, sellers are flexible on close dates to accommodate transitioning families during the school year. Don't miss out on this gem!

Investor Tools

Property Icon
$449,000
Estimated Property Value
$441,236Estimated Mortgage Balance
$7,764Estimated Equity
6% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,149 /month
Positive
Cash Flow Estimate:
$1,050 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,139/month
$60/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$11,427
$444,917
2025
$81,500
$363,417
$444,917
No

Tax History

Year
Tax Paid
Assessed Value
2025
$11,427
$444,917

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Freedom Mortgage Corp
Conventional
$469,350
No
First
Feb 9, 2023
Mar 2053

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$441,236
$30,764
6%
98%
$2,814/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,900/mo
$2,874/mo
+$26/mo
7.8%

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Leander

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505 Little Draw Ln | Property Details | No Agent List