2406 Lancaster Dr
Listing Price
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Nearby Schools
Educational options and performance ratings in the area.
Cowan Elementary School
Bailey Middle School
Akins High School
Austin, TX Investment Analysis (2026)
Cap Rate: 2.77% · Median Rent: $2,950/mo · Effective Tax: 1.8%
Property Overview
No property narrative or remarks were supplied in the source listing records. Underwriting and financial metrics are calculated directly from public record data and MLS attributes.
Features & Amenities
Haven AI Verdict
Data provided by Haven AI. Disclaimer
Haven AI
Property yields an estimated $-1,937/mo net cash flow with a 2.0% cap rate. Underwriting indicates risky fundamentals for long-term hold.
- • Prime residential location in Austin, TX
- • Long-term capital appreciation corridor
- • Verify historical operating expenses and local tax assessment
- • Confirm current lease terms and tenant estoppel certificates
10-Year Price Projection
Price & Tax History
Price History
| Date | Event | Price | Price/sqft |
|---|---|---|---|
| 2026-09-16 | Listed for sale | $545,900 | $252 |
| 2010-09-22 | Listing removed | $239,900 | $111 |
| 2010-06-16 | Listed for sale | $239,900 | $111 |
Tax History
| Year | Property Tax | Tax Assessment |
|---|---|---|
| 2025 | $2,773.04 | $533,915 |
| 2024 | $2,427.96 | $485,377 |
| 2023 | $2,137.45 | $441,252 |
| 2022 | $3,707.41 | $401,138 |
| 2021 | $0 | $364,671 |
| 2020 | $3,843.06 | $331,519 |
| 2019 | $3,371.71 | $352,674 |
| 2018 | $2,979.7 | $273,983 |
| 2017 | $2,979.7 | $249,075 |
| 2016 | $2,879.55 | $226,432 |
| 2015 | $2,879.55 | $205,847 |
| 2014 | $2,879.55 | $187,134 |
| 2013 | $0 | $170,122 |
| 2012 | $0 | $171,107 |
| 2011 | $0 | $188,841 |
| 2010 | $0 | $188,841 |
| 2009 | $0 | $190,567 |
| 2008 | $0 | $173,243 |
| 2007 | $0 | $157,494 |
| 2006 | $0 | $143,176 |
| 2005 | $0 | $153,779 |
| 2002 | $3,134.2 | $139,491 |
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