1228 RIVERCREST DR
About This Property
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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%.
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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 |
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| Nov 12, 2025 | Sold | ||
| Sold | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
| Oct 21, 2025 | Listed by Keeping It Realty | $399,950 | |
| Listed by Keeping It Realty | |||
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Welcome to 1228 Rivercrest Dr in New Braunfels - a one-story, 3-bed/2-bath solid brick ranch of approx. 1,296 sq ft on a generous ~0.41-acre lot delivering space, flexibility and lifestyle. Inside, you'll appreciate smart updates like stained concrete floors, newer windows/sliding French doors and an open-concept layout that makes this home move-in ready while still offering upside for personalization. On top of that, imagine having a large workshop building plus dedicated RV/boat storage and hook-up area, in addition to the standard parking - perfect for toys, trailers or home business creativity. With no mandatory HOA, you're free to live the way you want. This home isn't just about the property though - it's about the location. Just 0.2 miles from your subdivision's river-front community park along the Guadalupe River (picnic tables, BBQ area, fishing pier, sport court that's pickleball-friendly) and only ~1.4 miles to the legendary Gruene Hall for live music, dancing and great nights out, and approx. 2 miles to downtown New Braunfels with restaurants, wineries and riverside fun - this home is all about location. So, if you're looking to cash in on one of San Antonio's most sought-after commuter pockets (New Braunfels San Antonio Austin corridor), this home stands out. It's ideal for first-time buyers who need affordability and lifestyle; for families who want one-level living + yard + room for hobbies; and for anyone who wants instant access to river and fun, without sacrificing space or flexibility If you're looking for a property that checks so many boxes - location, space, lifestyle and flexibility - this one won't last. Let's schedule your private tour today! .
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| Oct 7, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 20, 2025 | Listed by Foster Family Real Estate | $409,000 | |
| Listed by Foster Family Real Estate | |||
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Military Relocation..Very Clean & Somewhat Updated 3/2/2 "4-Side Brick" Ranch Style Hm w/det approx 30x20 Storage Bldg/2-Garage all on a Fenced 0.4 ACRE lot in **Rivercrest Heights #1 Subdivision** That has an Approx 1-ACRE PARK (For Residents Only) w/Prime Guadalupe River Frontage... Swimming/Tubing/Picnic Tables/Sports Court & BBQ area that is Walking distance away....The 4-Sde Brick Hm has Vinyl Fascia & Soffitt,Newer Tilt Out Low E Dbl Paine Vinyl Window & Sliding French Doors that lead out to the Approx 20x10 Covered Patio that faces mostly East (Thus no Sun Filled back yard in the afternoon) Seller has Spent Approx $40k to Modify Floorplan to OPEN up the Living/Dining & Kit Area.. Updated Kitchen,Bathrooms,Stained Concrete Flooring & Some Fixtures..Military Family thought they would be in TX for a longer period.......Take a Look at Everything they did to Improve the Property.. AND Enjoy your Subd Park on the Guadalupe....
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017