Real Estate Investment Properties for Sale in Llano, TX

Looking for investment property in Llano, TX with high ROI ?

Explore a variety of short-term homes & houses in Llano, TX. Invest wisely with VRBO & Llano, TX Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Llano, TX

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
303 Granite Shoals Ln Llano, TX Welcome home. Make your lakehouse dream a reality. Turn key ready for the upcoming holiday...	3 beds \| 3 baths \| 2,652 sq.ft.	$1,100,000	Airbnb cash on cash: -2.77% Traditional cash on cash: -0.09% Airbnb Rental Income: $363 Traditional Rental Income: $2854 Airbnb ROI: -2.77% Traditional ROI: -0.09%
116 County Road 117 Llano, TX 5.92 Acres with large custom home, in-ground pool, guest house, and more. This 2,800 sq ft...	5 beds \| 4 baths \| 3,616 sq.ft.	$1,100,000	Airbnb cash on cash: N/A Traditional cash on cash: -0.09% Airbnb Rental Income: $null Traditional Rental Income: $2856 Airbnb ROI: N/A Traditional ROI: -0.09%
900 E WALLACE Llano, TX NICE CORNER LOTS IN GOOD AREA. UP-DATED 3/2/ HOME, BONUS /STUDY ROOM. NICE SPACIOUS KITCHE...	3 beds \| 2 baths \| 1,508 sq.ft.	$349,500	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.53% Airbnb Rental Income: $1524 Traditional Rental Income: $1837 Airbnb ROI: 0.23% Traditional ROI: 2.53%
124 County Road 118 Llano, TX Escape to the peaceful beauty of the Texas Hill Country with this charming 4/2 ranch home,...	4 beds \| 2 baths \| 2,209 sq.ft.	$589,000	Airbnb cash on cash: -0.08% Traditional cash on cash: 2.15% Airbnb Rental Income: $1456 Traditional Rental Income: $2253 Airbnb ROI: -0.08% Traditional ROI: 2.15%
1408 Ford Street Llano, TX Beautifully restored, historic craftsman style home in a prime location in Llano! The main...	3 beds \| 2 baths \| 1,464 sq.ft.	$350,000	Airbnb cash on cash: 0.23% Traditional cash on cash: 2.29% Airbnb Rental Income: $1524 Traditional Rental Income: $1759 Airbnb ROI: 0.23% Traditional ROI: 2.29%
1101 E College Llano, TX Charming 3-Bedroom Home with Bonus Room in a Great Neighborhood This immaculate 3-bedroom,...	3 beds \| 1 baths \| 1,084 sq.ft.	$240,000	Airbnb cash on cash: 1.58% Traditional cash on cash: 4.47% Airbnb Rental Income: $1524 Traditional Rental Income: $1736 Airbnb ROI: 1.58% Traditional ROI: 4.47%
105 Elmer Rd Llano, TX 1.2 acres with almost new home (built in 2021) with Llano river access. About 12 minutes f...	2 beds \| 2 baths \| 896 sq.ft.	$479,000	Airbnb cash on cash: -0.26% Traditional cash on cash: 1.93% Airbnb Rental Income: $979 Traditional Rental Income: $1606 Airbnb ROI: -0.26% Traditional ROI: 1.93%
316 Mountain Vw Llano, TX BERMUDA BUNGALOW IN SUNRISE BEACH! Tucked beneath a beautiful canopy of mature trees, this...	3 beds \| 2 baths \| 1,646 sq.ft.	$1,149,000	Airbnb cash on cash: -2.77% Traditional cash on cash: -0.97% Airbnb Rental Income: $363 Traditional Rental Income: $2041 Airbnb ROI: -2.77% Traditional ROI: -0.97%
507 Sandy Mountain Dr. Dr Llano, TX Set behind private gates along a protected stretch of open water on constant-level Lake LB...	3 beds \| 3 baths \| 3,617 sq.ft.	$1,995,000	Airbnb cash on cash: -2.78% Traditional cash on cash: -1.24% Airbnb Rental Income: $363 Traditional Rental Income: $2966 Airbnb ROI: -2.78% Traditional ROI: -1.24%
175 Elmer Llano, TX Situated on just over an acre on the Llano River you will find this peaceful retreat. The ...	2 beds \| 2 baths \| 800 sq.ft.	$495,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.15% Airbnb Rental Income: $979 Traditional Rental Income: $1347 Airbnb ROI: -0.41% Traditional ROI: 1.15%
208 W Luce Street Llano, TX Step into timeless charm with this beautifully updated custom Craftsman-style home, origin...	2 beds \| 2 baths \| 1,664 sq.ft.	$675,000	Airbnb cash on cash: -0.7% Traditional cash on cash: 1.63% Airbnb Rental Income: $979 Traditional Rental Income: $2094 Airbnb ROI: -0.7% Traditional ROI: 1.63%
132 Offer Lane Llano, TX Texas Hill Country Homestead on 10 Park-Like Acres! Site-built home, guest cabin, large ga...	3 beds \| 2 baths \| 2,534 sq.ft.	$624,000	Airbnb cash on cash: 0.14% Traditional cash on cash: 2.65% Airbnb Rental Income: $1524 Traditional Rental Income: $2546 Airbnb ROI: 0.14% Traditional ROI: 2.65%
1005 Bayley Llano, TX Charming and Move-in Ready Duplex in a desirable Location. This beautifully remodeled dupl...	2 beds \| 2 baths \| 2,008 sq.ft.	$379,000	Airbnb cash on cash: -0.03% Traditional cash on cash: 2.05% Airbnb Rental Income: $979 Traditional Rental Income: $1367 Airbnb ROI: -0.03% Traditional ROI: 2.05%
305 W Tarrant Street Llano, TX This lovingly restored 1890s cottage blends vintage charm with modern comforts just steps ...	2 beds \| 1 baths \| 668 sq.ft.	$215,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 3.43% Airbnb Rental Income: $979 Traditional Rental Income: $1356 Airbnb ROI: -0.15% Traditional ROI: 3.43%
333 Sandy Mountain Dr Llano, TX Lake LBJ waterfront home located in peaceful Sunrise Beach in the acclaimed Texas Hill Cou...	3 beds \| 2 baths \| 1,806 sq.ft.	$799,000	Airbnb cash on cash: -2.76% Traditional cash on cash: -0.04% Airbnb Rental Income: $363 Traditional Rental Income: $2139 Airbnb ROI: -2.76% Traditional ROI: -0.04%
903 FLAG CREEK DR. Llano, TX GREAT SPACIOUS LIVING HERE. REMODLED TO A PERFECT 4/2 HOME PLUS OFFICE/STORAGE. THIS PLACE...	4 beds \| 2 baths \| 1,596 sq.ft.	$450,000	Airbnb cash on cash: -0.57% Traditional cash on cash: 1% Airbnb Rental Income: $1456 Traditional Rental Income: $1689 Airbnb ROI: -0.57% Traditional ROI: 1%
876 Sandy Mountain Dr Llano, TX An oasis of serenity awaits in this beautifully remodeled two-story home nestled in the ch...	2 beds \| 2 baths \| 2,096 sq.ft.	$427,000	Airbnb cash on cash: -1.93% Traditional cash on cash: 3.74% Airbnb Rental Income: $277 Traditional Rental Income: $2311 Airbnb ROI: -1.93% Traditional ROI: 3.74%
1301 Ford Llano, TX Rare Llano gem in the heart of downtown within walking distance to the square! Available F...	4 beds \| 2 baths \| 2,026 sq.ft.	$480,000	Airbnb cash on cash: 1% Traditional cash on cash: 3.36% Airbnb Rental Income: $1456 Traditional Rental Income: $2083 Airbnb ROI: 1% Traditional ROI: 3.36%
708 Sheffield Avenue Llano, TX Enjoy your morning coffee while listening to the gentle sounds of the creek, relax in the ...	2 beds \| 2 baths \| 1,136 sq.ft.	$208,000	Airbnb cash on cash: 0.33% Traditional cash on cash: 6.17% Airbnb Rental Income: $979 Traditional Rental Income: $1780 Airbnb ROI: 0.33% Traditional ROI: 6.17%
211 E Highway 29 Llano, TX This riverfront property features: A) 195 feet of easily accessible Llano River frontage. ...	2 beds \| 2 baths \| 1,396 sq.ft.	$345,000	Airbnb cash on cash: 0.21% Traditional cash on cash: 2.44% Airbnb Rental Income: $979 Traditional Rental Income: $1349 Airbnb ROI: 0.21% Traditional ROI: 2.44%
110 Llano Oaks Drive Llano, TX Tucked away at the end of a peaceful cul-de-sac, this stunning rock home sits on a generou...	3 beds \| 3 baths \| 2,429 sq.ft.	$460,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 3.18% Airbnb Rental Income: $1524 Traditional Rental Income: $2310 Airbnb ROI: 0.32% Traditional ROI: 3.18%
603 E Ellis Street Llano, TX 2022 build on a huge corner lot! This beautiful custom home features 3 bedrooms & 3 baths ...	3 beds \| 3 baths \| 1,852 sq.ft.	$525,000	Airbnb cash on cash: 0.32% Traditional cash on cash: 2.34% Airbnb Rental Income: $1524 Traditional Rental Income: $2074 Airbnb ROI: 0.32% Traditional ROI: 2.34%
2433 County Road 102 Llano, TX Perched above the scenic Llano River in the heart of the Castell area, this exceptional Hi...	2 beds \| 1 baths \| 864 sq.ft.	$749,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 0.24% Airbnb Rental Income: $979 Traditional Rental Income: $1144 Airbnb ROI: -0.5% Traditional ROI: 0.24%
791 Ranch Road 2323 Llano, TX Show stopping!!! Gorgeous Hill Country retreat with endless views on 16 +/- acres! This cu...	5 beds \| 5 baths \| 3,785 sq.ft.	$1,775,000	Airbnb cash on cash: N/A Traditional cash on cash: 1.73% Airbnb Rental Income: $null Traditional Rental Income: $4640 Airbnb ROI: N/A Traditional ROI: 1.73%
1109 Ashley Avenue Llano, TX Welcome home to small-town America! This beautiful stone house, on well over half-an-acre,...	3 beds \| 2 baths \| 1,900 sq.ft.	$450,000	Airbnb cash on cash: 1.23% Traditional cash on cash: 3.21% Airbnb Rental Income: $1524 Traditional Rental Income: $1915 Airbnb ROI: 1.23% Traditional ROI: 3.21%
604 Flag Creek Drive Llano, TX Tranquil, meticulous home nestled on peaceful Flag Creek! This home features 3 bedrooms & ...	3 beds \| 3 baths \| 1,708 sq.ft.	$499,000	Airbnb cash on cash: 0.08% Traditional cash on cash: 1.68% Airbnb Rental Income: $1524 Traditional Rental Income: $1829 Airbnb ROI: 0.08% Traditional ROI: 1.68%
1600 Ford Street Llano, TX Capture the Hill Country with convenience to Fredericksburg, Austin, Blanco & More! Open t...	3 beds \| 3 baths \| 3,100 sq.ft.	$499,000	Airbnb cash on cash: 0.61% Traditional cash on cash: 2.3% Airbnb Rental Income: $1524 Traditional Rental Income: $1868 Airbnb ROI: 0.61% Traditional ROI: 2.3%
103 W Hamilton Llano, TX Charming 2-Bedroom Home in the Heart of Llano. Welcome to this inviting 2-bedroom, 1-bathr...	2 beds \| 1 baths \| 813 sq.ft.	$182,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 4.23% Airbnb Rental Income: $979 Traditional Rental Income: $1110 Airbnb ROI: 1.44% Traditional ROI: 4.23%
204 Lagitos Lane Llano, TX Price drop and motivated seller! 10 Acres with Spring-Fed pond frontage - Llano, TX. This ...	3 beds \| 2 baths \| 1,896 sq.ft.	$389,000	Airbnb cash on cash: 1.7% Traditional cash on cash: 4.72% Airbnb Rental Income: $1524 Traditional Rental Income: $2180 Airbnb ROI: 1.7% Traditional ROI: 4.72%
901 Wright Street Llano, TX This recently updated triplex, located just one block from the historic Llano City Square,...	4 beds \| 3 baths \| 2,098 sq.ft.	$419,000	Airbnb cash on cash: -0.41% Traditional cash on cash: 1.58% Airbnb Rental Income: $1456 Traditional Rental Income: $1805 Airbnb ROI: -0.41% Traditional ROI: 1.58%
204 Lagitos Ln Llano, TX Big price drop & motivated seller! - 10 Acres with Spring-Fed Pond Frontage - Llano, TX. T...	3 beds \| 2 baths \| 1,896 sq.ft.	$389,000	Airbnb cash on cash: 0.94% Traditional cash on cash: 3.1% Airbnb Rental Income: $1524 Traditional Rental Income: $1870 Airbnb ROI: 0.94% Traditional ROI: 3.1%
948 County Road 314 Llano, TX OWNER FINANCING OFFERED W/50% DOWN AT COMPETITIVE RATE & PROOF OF FUNDS! ** This beautiful...	1 beds \| 1 baths \| 560 sq.ft.	$1,454,000	Airbnb cash on cash: -1% Traditional cash on cash: -0.21% Airbnb Rental Income: $420 Traditional Rental Income: $1232 Airbnb ROI: -1% Traditional ROI: -0.21%
114 Shady Circle Dr Llano, TX Welcome to Lake Life on beautiful Lake LBJ! This 3 bedroom, 2 bath home is within the Timb...	3 beds \| 2 baths \| 1,026 sq.ft.	$695,000	Airbnb cash on cash: -2.75% Traditional cash on cash: -0.94% Airbnb Rental Income: $363 Traditional Rental Income: $1117 Airbnb ROI: -2.75% Traditional ROI: -0.94%
308 Mountian Vw Llano, TX Refined Waterfront Living on Lake LBJ - Fully Rebuilt in Sunrise Beach Experience elevated...	3 beds \| 3 baths \| 2,350 sq.ft.	$1,250,000	Airbnb cash on cash: -2.77% Traditional cash on cash: -0.56% Airbnb Rental Income: $363 Traditional Rental Income: $2688 Airbnb ROI: -2.77% Traditional ROI: -0.56%
156 Skyline Dr Llano, TX A rare opportunity to own a brand-new, fully furnished Paul Allen Custom Home on Lake LBJ ...	4 beds \| 4 baths \| 4,498 sq.ft.	$4,475,000	Airbnb cash on cash: -2.76% Traditional cash on cash: -1.83% Airbnb Rental Income: $487 Traditional Rental Income: $4078 Airbnb ROI: -2.76% Traditional ROI: -1.83%
908 Sandy Mountain Dr Llano, TX Welcome to this stunning 2-bedroom, 2-bathroom, dedicated study, modern luxury home locate...	2 beds \| 2 baths \| 2,306 sq.ft.	$624,900	Airbnb cash on cash: -2.87% Traditional cash on cash: -0.26% Airbnb Rental Income: $277 Traditional Rental Income: $1568 Airbnb ROI: -2.87% Traditional ROI: -0.26%
206 E Sandstone Llano, TX Charming 3BR/2BA home located on one of Llano's most sought-after streets just two blocks ...	3 beds \| 2 baths \| 1,701 sq.ft.	$210,000	Airbnb cash on cash: 1.53% Traditional cash on cash: 7.23% Airbnb Rental Income: $1524 Traditional Rental Income: $2215 Airbnb ROI: 1.53% Traditional ROI: 7.23%
206 E Wallace Street Llano, TX This meticulously updated contemporary home in the heart of Llano offers a sophisticated m...	3 beds \| 3 baths \| 2,339 sq.ft.	$549,000	Airbnb cash on cash: -0.86% Traditional cash on cash: 0.74% Airbnb Rental Income: $1524 Traditional Rental Income: $1902 Airbnb ROI: -0.86% Traditional ROI: 0.74%

Real Estate investment in Llano, TX

There are 83 properties for sale in the city of Llano . The median list price in Llano is $261,843 and the average price per square foot is $148. In August 2026, the average monthly cash on cash return in Llano is 2.00%. The average monthly rental income in Llano is $1,792.

Llano, TX Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 83 investment properties available for sale in Llano.

In 2026, the best neighborhood to buy investment property is Llano.

The ROI for Short-Term is higher than the Long-Term in Llano with average rental income of $1,524.

Your search for investment property begins and ends here

Investment Property for Sale in Llano, TX

303 Granite Shoals Ln

Llano, TX

3 beds | 3 baths | 2,652 sq.ft.

$1,100,000

Airbnb cash on cash: -2.77%

Traditional cash on cash: -0.09%

Airbnb Rental Income: $363

Traditional Rental Income: $2854

Airbnb ROI: -2.77%

Traditional ROI: -0.09%

116 County Road 117

Llano, TX

5 beds | 4 baths | 3,616 sq.ft.

$1,100,000

Airbnb cash on cash: N/A

Traditional cash on cash: -0.09%

Airbnb Rental Income: $null

Traditional Rental Income: $2856

Airbnb ROI: N/A

Traditional ROI: -0.09%

900 E WALLACE

Llano, TX

3 beds | 2 baths | 1,508 sq.ft.

$349,500

Airbnb cash on cash: 0.23%

Traditional cash on cash: 2.53%

Airbnb Rental Income: $1524

Traditional Rental Income: $1837

Airbnb ROI: 0.23%

Traditional ROI: 2.53%

124 County Road 118

Llano, TX

4 beds | 2 baths | 2,209 sq.ft.

$589,000

Airbnb cash on cash: -0.08%

Traditional cash on cash: 2.15%

Airbnb Rental Income: $1456

Traditional Rental Income: $2253

Airbnb ROI: -0.08%

Traditional ROI: 2.15%

1408 Ford Street

Llano, TX

3 beds | 2 baths | 1,464 sq.ft.

$350,000

Airbnb cash on cash: 0.23%

Traditional cash on cash: 2.29%

Airbnb Rental Income: $1524

Traditional Rental Income: $1759

Airbnb ROI: 0.23%

Traditional ROI: 2.29%

1101 E College

Llano, TX

3 beds | 1 baths | 1,084 sq.ft.

$240,000

Airbnb cash on cash: 1.58%

Traditional cash on cash: 4.47%

Airbnb Rental Income: $1524

Traditional Rental Income: $1736

Airbnb ROI: 1.58%

Traditional ROI: 4.47%

105 Elmer Rd

Llano, TX

2 beds | 2 baths | 896 sq.ft.

$479,000

Airbnb cash on cash: -0.26%

Traditional cash on cash: 1.93%

Airbnb Rental Income: $979

Traditional Rental Income: $1606

Airbnb ROI: -0.26%

Traditional ROI: 1.93%

316 Mountain Vw

Llano, TX

3 beds | 2 baths | 1,646 sq.ft.

$1,149,000

Airbnb cash on cash: -2.77%

Traditional cash on cash: -0.97%

Airbnb Rental Income: $363

Traditional Rental Income: $2041

Airbnb ROI: -2.77%