$250,000

Property Overview

This tenant-occupied investment sits in Round Rock's premium location, offering immediate $1,920 monthly rental income with a lease extending through September 2026. The 3-bedroom, 2-bath home spans 1,305 square feet on a generous 8,389-square-foot lot, priced at $192 per square foot—13 percent below the neighborhood median and representing solid cash flow opportunity. A newly installed dishwasher (August 2025) underscores recent maintenance attention, while the as-is condition appeals to investors seeking value-add potential.

Round Rock's proximity to Dell headquarters, Premium Outlets, and top-rated schools creates sustained rental demand in this family-friendly corridor. The established community balances suburban appeal with strong employment centers, positioning this property at an intersection of stability and growth. Built in 1977, the home's generous lot size offers development or expansion possibilities for long-term strategists evaluating Round Rock's trajectory along the I-35 corridor.

Vox Residential Insight

The sub-market pricing combined with locked-in tenant income makes this Longmeadow Drive property particularly attractive for portfolio builders in a market where Round Rock's job growth continues driving rental demand. From Vox Residential's perspective, this represents the kind of foundation investment that rewards patient operators over the next 3-5 years as property values and rental rates appreciate.

Agent Description

Investor opportunity in highly desirable Round Rock! This tenant-occupied 3-bedroom, 2-bath home offers approximately 1,305 square feet and immediate rental income of $1,920 per month with a lease in place through September 30, 2026. Being sold "as-is, where-is," this property presents an excellent value-add opportunity for investors seeking cash flow today with future upside potential. The home has been maintained as a long-term investment property and features a new dishwasher installed in August 2025. While functional and income-producing, the property offers opportunities for cosmetic updates that could further enhance value and future rental performance. Round Rock continues to attract residents due to its strong employment base, proximity to major tech employers, quality schools, shopping, dining, and recreational amenities. The area's consistent rental demand and long-term growth make this an attractive addition to any investment portfolio. Tenant occupied. Showings available by appointment for qualified and serious buyers only. Contact listing agent for additional lease information and showing requirements.

Neighborhood: Round Rock

This property is located in Round Rock, Austin, TX. The area is known for Dell HQ, Premium Outlets, Top Schools, Round Rock Express, Family-Friendly.

At $192/sqft, this listing is priced 12% below the Round Rock median of $217/sqft.

Property Details

Listing data last updated: July 16, 2026

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