$295,000
●
House -
Off Market
1602 Candlelight DR
Leander, TX 78641
3 Beds
2 Baths
1,493 Ft²
$1,997
Est. Monthly
$38
HOA / Fees
About This Property
Welcome to 1602 Candlelight, a bright, well-maintained, and move-in
ready single-story ranch that offers a rare combination of privacy
and practical updates in an affordable Leander neighborhood that
features a community pool and basketball court.
Backing to undeveloped green space, the home feels open and private. Major systems have already been addressed: roof, HVAC, and water heater are all less than five years old. No carpet throughout. Structurally sound and ready as-is, with the opportunity to update cosmetic finishes over time.
This home is an incredible opportunity for investors - it is rent-ready and positioned to cash flow immediately.
Just minutes from the new H-E-B on Hero Way, plus ever-growing retail and dining options, and close to Devine Lake Park and Benbrook Ranch Park for outdoor space and trails. Leander is a booming, fast-growing community popular for its A-rated high school, proximity to Austin amenities and the Highland Lakes.
Backing to undeveloped green space, the home feels open and private. Major systems have already been addressed: roof, HVAC, and water heater are all less than five years old. No carpet throughout. Structurally sound and ready as-is, with the opportunity to update cosmetic finishes over time.
This home is an incredible opportunity for investors - it is rent-ready and positioned to cash flow immediately.
Just minutes from the new H-E-B on Hero Way, plus ever-growing retail and dining options, and close to Devine Lake Park and Benbrook Ranch Park for outdoor space and trails. Leander is a booming, fast-growing community popular for its A-rated high school, proximity to Austin amenities and the Highland Lakes.
Unit Size
1,493 Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$198
Property Type
House
Property Taxes
$510
HOA Dues
$38
Year Built
2001
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100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 6 months ago (Unlock MLS #ACT1807910)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Mar 8, 2026 | In contract | - | |
| In contract | |||
| Feb 16, 2026 | Listed by Compass RE Texas, LLC | $295,000 | |
| Listed by Compass RE Texas, LLC | |||
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 26, 2020 | In contract | - | |
| In contract | |||
| Jul 18, 2020 | Listed by Keller Williams - Austin NW | $221,900 | |
| Listed by Keller Williams - Austin NW | |||
| | |||
|
Beautiful, wonderfully well kept home with modern updates including Pergo "Elegant Expressions" KOA flooring, 12'x15' covered back patio with lighting & fan, upgraded recess can lighting & art lighting through out the home. All windows replaced (approx $9000.00) Dec. 2019. Roof replaced in 2012. Window seat in dining area, open floor plan with large bedrooms & spacious master bedroom. Full Gutters. Property backs to a large greenbelt area. The manager has listed the unit size as 1493 square feet.
| |||
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About Leander
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Listed by: Lilly Rockwell
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-04-10 04:15:20
Data Source: Unlock MLS, MLS# ACT1807910
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Compass RE Texas, LLC - Listing courtesy of Unlock MLS
Phone: (512) 575-3644
Last Updated: 2026-04-10 04:15:20
Data Source: Unlock MLS, MLS# ACT1807910
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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