131 Atwater CV
About This Property
The main floor features 4 generously sized bedrooms and 3.5 bathrooms, along with a formal dining room, dedicated office, and game room for versatile living. Upstairs, a large bonus room with a half bath (and pre-plumbed for a shower) provides endless possibilities-guest suite, media room, craft room or home gym. Additional highlights include a 3-car garage, thoughtful layout, and quality craftsmanship throughout. New roof put on in March 2025. Located within exemplary Dripping Springs ISD, this home is zoned to top-rated schools. Rooster Springs Elementary is just an 8-minute walk or a quick 3-minute drive away. Sycamore Springs Middle School is only 5 minutes down the road. The home is walkable to a variety of community amenities, including scenic parks, duck ponds, a splash pad, resort-style pool, and a fully equipped gym. At the entrance of the neighborhood, Belterra Village offers shopping, dining, and entertainment options-from a Gold's Gym, Spec's liquor store, and a sports bar to salons, yoga and Pilates studios, medical offices & even a movie theater. With over 15 miles of walking, jogging, and biking trails, Belterra is more than just a neighborhood-it's a lifestyle. This home blends luxury, convenience, and community living in one of the Texas Hill Country's most desirable master planned communities.
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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 |
|---|---|---|---|
| Apr 27, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed by Compass RE Texas, LLC | $899,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017