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421 Red Matador LN
About This Property
The heart of the home is the open living, dining, and kitchen space, designed for both everyday living and entertaining. The kitchen features a large center island with seating, stainless steel appliances, ample cabinetry, and a walk-in pantry, all flowing seamlessly into the spacious living room and dining area. Large windows frame views of the backyard, bringing the outdoors in and enhancing the home's airy feel.
The primary suite is thoughtfully positioned for privacy and offers a peaceful retreat with generous space, a large walk-in closet, and a well-appointed ensuite bath featuring dual vanities and a walk-in shower. Two additional secondary bedrooms are located on the opposite side of the home and share a full bath, creating a flexible layout ideal for guests, family, or a home office setup. A separate flex room near the primary suite adds even more versatility, perfect for a home office, nursery, workout space, or quiet retreat.
Step outside to a backyard that truly extends the living space. A large covered patio and expansive wood deck provide the perfect setting for relaxing, entertaining, or enjoying outdoor meals. The fully fenced yard offers plenty of room to play, garden, or unwind, while still feeling open and usable. Additional highlights include a dedicated laundry room, excellent storage throughout, and a two-car garage. Located in an established Leander neighborhood with easy access to shopping, dining, parks, and major roadways, this home offers both convenience and comfort.
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 16, 2026 | In contract | - | |
| In contract | |||
| Jan 13, 2026 | Listed by Magnolia Realty Round Rock | $375,000 | |
| Listed by Magnolia Realty Round Rock | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017