1227 HIGHWAY 71 W
About This Property
Welcome to this 3-bedroom, 2-bath home nestled on a large .6 acre level, fenced lot. Inside is an open-concept plan that includes a kitchen with ample storage and working space that views the spacious living room with a fireplace. The primary bedroom has an ensuite bath complete with garden tub, separate shower, and porthole window. A large covered deck beckons a get-together for any occasion. Good location with high visibility from Hwy. 71, close proximity to AIBA, and major employers. Charming, historical downtown Bastrop is 7 miles away and has much to see and do in addition to the many dining and shopping options. Discover the natural beauty of Texas with an outing to Bastrop or Buescher State Park.
** Buyers, complete the HomePath Ready Buyer homeownership course on Homepath. Attach certificate to offer up to 3% closing cost assistance. Check HomePath for more details. Restrictions apply.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Listed by Keller Williams Realty | $215,000 | |
| Listed by Keller Williams Realty | |||
| Sep 7, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Jul 11, 2024 | Relisted | $185,000 | |
| Relisted | |||
| Jun 23, 2024 | In contract | - | |
| In contract | |||
| May 21, 2024 | Relisted | $185,000 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017