1200 Apache DR
About This Property
Enjoy outdoor living with a peaceful setting just minutes from Lake LBJ, Inks Lake State Park, and the amenities of downtown Burnet. Utilities are in place and property is outside city limits-offering flexibility with light restrictions and minimal HOA restrictions and fees. Ideal for owner-occupants, investors, or short-term rental operators looking for turn-key income potential. Access to Lake LBJ with boat ramp and private park. View of the lake from the home which is close to multimillion dollar water front properties approximately half a block away. Great for resale value!
Qualifies for FHA, VA, USDA and conventional financing since it's certified as real property with FHA required foundation certification. Seller's lender also offering a lender paid 2-1 rate buy down with a mortgage rate as low as 5.375%! Don't miss this opportunity to own affordable, high-quality housing in a rapidly growing area!
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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 |
|---|---|---|---|
| Apr 16, 2026 | In contract | - | |
| In contract | |||
| Mar 11, 2026 | Relisted | $185,000 | |
| Relisted | |||
| Jan 29, 2026 | In contract | - | |
| In contract | |||
| Nov 17, 2025 | Listed by Real Broker, LLC | $220,000 | |
| Listed by Real Broker, LLC | |||
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$60k Price Improvement! Welcome to 1200 Apache Drive in the heart of Burnet County’s scenic Highland Lakes region. This 2023 Clayton manufactured home offers modern comfort, energy efficiency, and exceptional value—all on a privately owned 0.23-acre lot with a perfected real property certification. Featuring 4 spacious bedrooms, 2 full bathrooms, and an open-concept living space, with 2 living areas. This like-new home is move-in ready with contemporary finishes, a large kitchen island, all appliances including a very nice washer/dryer set and durable vinyl flooring throughout. Property can come furnished with furniture and yard mower. Enjoy outdoor living with a peaceful setting just minutes from Lake LBJ, Inks Lake State Park, and the amenities of downtown Burnet. Utilities are in place and property is outside city limits—offering flexibility with light restrictions and minimal HOA restrictions and fees. Ideal for owner-occupants, investors, or short-term rental operators looking for turn-key income potential. Access Lake LBJ with boat ramp and private park, all within walking distance of home. $1M+ luxury water front properties approximately half a block away. Great for resale value! Qualifies for FHA, VA, USDA and conventional financing since it's certified as real property with FHA required foundation certification. Lender paid 2-1 rate buy down at zero cost to buyer when financing with seller's lender. Don’t miss this opportunity to own affordable, high-quality housing in an area that is rapidly growing!
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| Jul 22, 2025 | Withdrawn | - | |
| Withdrawn | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017