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12212 Mustang DR
About This Property
Step inside to find a clean, move-in-ready home with tasteful updates throughout, including upgraded vinyl windows, tile flooring, granite countertops, durable Hardie plank siding. Major improvements include a 2021 roof and water softener, a new HVAC in 2022, and a new water heater in 2024, giving buyers added peace of mind.
Outside, the fully fenced backyard offers endless possibilities with room for pets, RV parking, a workshop, or additional storage. With nearly half an acre and no HOA restrictions, you have the flexibility to truly make the property your own.
Enjoy the quiet feel of country living while staying conveniently connected to Austin and the surrounding areas. Located just 30 minutes from Downtown Austin and approximately 22 minutes from Austin-Bergstrom International Airport. The property also offers quick and easy freeway access for commuters, and is only 10 minutes away from retail stores and restaurants.
If you've been searching for an updated home with land, flexibility, and a convenient location, this Mustang Ridge property is a must-see!
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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 12, 2026 | Listed by Bramlett Partners | $320,000 | |
| Listed by Bramlett Partners | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017