111 Burkett Drive
About This Property
Outdoor enthusiasts will appreciate the proximity to fishing, hunting, golfing, kayaking, and other nature-focused activities. Colorado Bend State Park is a short drive away, and Fredericksburg along with other Hill Country destinations make for enjoyable day trips. The San Saba community is known for its friendly residents and welcoming atmosphere, making this a great place to call home.
There is a total of 5 lots available. An Investor - Home builder could buy all five lots at a discounted rate.
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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 |
|---|---|---|---|
| May 18, 2026 | Listed by Hoyt Real Estate | $45,000 | |
| Listed by Hoyt Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017