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2721 Lone Ranger Trail

Little Elm, TX 75068

$685,000

2 units · 2005

Units2
Building area1,958 sq ft
Year built2005
Gross income$3,900/yr
Cap rate0.57% as listed
Parking1 spaces
Lot size0.158 acres
TypeResidential Income

What it costs to own

Taxes$7,577 per year
HOA$299 twice a year · Goodwin and Company
HOA fee coversFull Use of Facilities, Management Fees
Operating expenses$3,900 per year — as listed
Insurance$3,900 per year — as listed
Net operating income$3,900 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

INVESTOR OPPORTUNITY! Two income-producing properties offered together as a bundle, providing an excellent opportunity to add established rental properties to your portfolio near Lake Lewisville. Both homes feature 3 bedrooms, 2.5 baths, and 2-car garages, offering desirable layouts for long-term tenants.

721 Lone Ranger Trail is currently leased through February 28, 2027, at $1,600 per month, providing immediate rental income with an established tenant in place. 1009 Haystack is currently leased through May 2027 at $2,300 per month, offering additional dependable rental income.

Combined current rental income is $3,900 per month, or $46,800 annually. Conveniently located near Lake Lewisville with easy access to shopping, dining, recreation, and major roadways, these properties offer investors an opportunity to acquire two rental homes together with tenants and leases already in place. Offered as a package—ideal for investors seeking cash-flowing properties with existing rental income.

The details

HeatingCentral, Fireplace(s)
CoolingCeiling Fan(s), Central Air
FlooringCarpet, Tile
AppliancesDishwasher, Disposal, Gas Cooktop, Gas Oven, Gas Range, Plumbed For Gas in Kitchen
Interior featuresBuilt-in Features, Cable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
Fireplace1 · Living Room

Construction materialsBrick
RoofComposition
FoundationSlab

Lot featuresFew Trees, Interior Lot, Landscaped, Subdivided
FencingBack Yard, Fenced, Privacy, Wood
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available
UtilitiesCable Available, Individual Gas Meter, Phone Available

SubdivisionStardust Ranch Ph 2
Community featuresCommunity Pool, Curbs, Fishing, Greenbelt, Jogging Path/Bike Path, Lake, Park, Playground, Sidewalks

ElementaryCesar Chavez
Middle schoolJerry Walker
High schoolLittle Elm
DistrictLittle Elm ISD

Gross income$3,900 per year
Operating expenses$3,900 per year
Operating includesProfessional Management
Insurance$3,900 per year
Cap rate0.57% — as listed
Net operating income$3,900 per year

MLS #21381889
Source
On the market30 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryLa Azteca Meat Market · 1.8 mi
Nearest parkLittle Elm Elementary Playground · 0.3 mi

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Listing courtesy of LPT Realty LLC — Christie Cannon.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21381889. Information last updated October 16, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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