1208 Oak St
About This Property
While the home could benefit from updates, it offers incredible potential for someone looking to restore and personalize a property with great bones and timeless charm. Situated on extra lots, there is plenty of room to expand, garden, or simply enjoy the peaceful outdoor setting.
One of the property's stand out features is its two water wells for irrigation, including an exceptional well producing approximately 60 gallons per minute, one of the best in Burnet County. The additional lots behind the home are located within the flood plain, offering open space and natural beauty, while the home itself has never flooded.
This is more than just a house-it's an opportunity to continue the legacy of a home that has been deeply loved for generations. If you've been searching for a property with character, space, and endless possibilities, 1208 Oak St is ready to welcome its next family!
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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 |
|---|---|---|---|
| Aug 28, 2026 | Price Decreased |
$269,000
↓ $6K
(2.2%) | |
| Price Decreased | |||
| Jul 10, 2026 | Listed by All City Real Estate Ltd. Co | $275,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017