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1408 Water Spaniel WAY
About This Property
The bright and inviting main level features abundant natural light, durable flooring, and seamless flow between the living room, dining areas, and kitchen. The kitchen overlooks the main living space and offers generous cabinetry, ample counter space, and a convenient breakfast bar, making it the perfect gathering place for family and friends. Multiple dining and living areas provide endless possibilities for hosting, relaxing, or creating a dedicated home office or playroom.
Upstairs, you'll find an expansive loft and landing area that serves as the ideal flex space for a media room, game room, home gym, or additional living area. The oversized primary suite is a true retreat with enough space for a sitting area, while the ensuite bath is complemented by an impressive walk-in closet that offers exceptional storage. Two additional bedrooms are generously sized.
Step outside to enjoy the large backyard, offering plenty of room for outdoor entertaining, gardening, play, or simply relaxing in your own private outdoor space.
Conveniently located in a welcoming Round Rock community, this home offers easy access to major employers, Dell Diamond, Kalahari Resort, Old Settlers Park, shopping, dining, and entertainment. With nearby access to SH-45, I-35, and Toll 130, commuting to Austin, major tech campuses, and surrounding areas is effortless, while neighborhood parks and community amenities provide the perfect balance of convenience and lifestyle.
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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 26, 2026 | Price Decreased |
$325,000
↓ $20K
(5.8%) | |
| Price Decreased | |||
| Aug 7, 2026 | Price Decreased |
$345,000
↓ $24K
(6.5%) | |
| Price Decreased | |||
| Jul 1, 2026 | Listed by Compass RE Texas, LLC | $369,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017