1251 Skyline Road
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%.
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 |
|---|---|---|---|
| Jan 16, 2025 | Sold | ||
| Sold | |||
| Dec 31, 2024 | In contract | - | |
| In contract | |||
| Aug 3, 2024 | Listed by Realty One Group Prosper | $359,999 | |
| Listed by Realty One Group Prosper | |||
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Expansive 4.3-acre tract with all utilities, including access to high-speed internet, no HOA, and in the best location! Perfect for building your dream home. Located just east of Mustang Ridge near Hwy 21 & TX-130 tollway, providing easy commuting across the Texas Hill Country. Recently cleared, this lot offers privacy and easy access to amenities like Circuit of The Americas, Austin-Bergstrom Airport, Lady Bird Lake, and Lockhart's barbecue spots. Four state parks are within 30 miles, including McKinney Falls, Lockhart, Buescher, and Bastrop State Parks. No HOA and light restrictions maintain neighborhood quality. A wildlife exemption may provide tax benefits. Veterans may check for Texas Land Board loan eligibility. With minimal restrictions, level terrain, and shade trees, this property is ready for development. Schedule your visit today! Measurements are approximate. Buyer and agent to verify information.
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| Jun 28, 2024 | Listed by Realty One Group Prosper | $359,999 | |
| Listed by Realty One Group Prosper | |||
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Seller Financing Available. Expansive, 4.3 acre tract, with all utilities provided, in the best location! Perfect for building your dream home or installing a mobile home. The lot is conveniently located just East of Mustang Ridge, near the intersection of Hwy 21 & the TX-130 tollway, providing easy commuting across the Texas Hill Country.
The lot features a public water source and one electrical meter which is situated approximately 200 feet from the front property line, perfect for your future homesite. Fiber internet via Spectrum is also available, ensuring high-speed connectivity. Additionally, there is a septic system on the property, though the seller is unsure of its condition.
Recently cleared, this lot offers the perfect balance of complete privacy while still providing easy access to Austin's most popular outdoor amenities such as Circuit of The Americas (COTA) race track, Austin-Bergstrom International Airport, Lady Bird Lake, and all of the famous Lockhart barbecue hot spots. There are 4 state parks within a 30-mile radius, including: McKinney Falls State Park, Lockhart State Park, Buescher State Park, and Bastrop State Park.
There is no HOA and only light restrictions to maintain the quality of the neighborhood. See attached documents for reference. The location may be eligible for a USDA loan, providing low down payment options. Because this property is larger than 3 acres, a wildlife exemption may be applicable as well, offering additional tax benefits. Are you a veteran? If so, thank you for your service! And…be sure to verify if this property is eligible for a Texas Land Board loan, depending on your qualifications.
With minimal restrictions, a level terrain, and a gorgeous array of shade trees, this property is ready to be developed. Schedule your visit today!
All measurements provided are approximate. It is the responsibility of the buyer and buyer's agent to verify any pertinent information. Buyer's agent to verify all information.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017