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Map
1503 Kingsoak DR
About This Property
The home sits on a fully fenced lot and includes a large workshop with reinforced concrete, ideal for car enthusiasts, storage, or workspace needs. A foundation is already in place for those looking to expand or build onto the home, offering a head start on future improvements. The property also features its own wet weather creek, adding to the land's character and potential use.
While the home does need work, it is move-in ready, allowing you to live in the property while completing updates over time. This is a strong fit for investors, builders, or buyers looking to create value in a growing area, with close proximity to lake access, parks, and nearby Marble Falls for shopping, dining, and everyday conveniences.
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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 |
|---|---|---|---|
| Jul 8, 2026 | Price Decreased |
$240,000
↓ $10K
(4%) | |
| Price Decreased | |||
| May 13, 2026 | Listed by eXp Realty, LLC | $250,000 | |
| Listed by eXp Realty, LLC | |||
| Feb 1, 2026 | No longer available | - | |
| No longer available | |||
| Dec 8, 2025 | Price Decreased |
$375,000
↓ $25K
(6.3%) | |
| Price Decreased | |||
| Jul 11, 2025 | Listed by Stanberry REALTORS | $400,000 | |
| Listed by Stanberry REALTORS | |||
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Great Location in Granite Shoals at Lake LBJ. House is on 9 lots totaling 1.4 acres. Large carport plus several outbuildings. Lakefront community parks for fun at and on the lake!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017