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1505 Sagebrush DR
About This Property
Whether you're looking for your next rental, potential short-term rental, renovation project, or long-term hold, this property offers an increasingly hard-to-find entry point into the Round Rock market. Unlike many homes at this price point that require extensive structural or major-system work, this home comes pre-inspected with several of the big-ticket items already in good standing. The roof was replaced in 2016, the HVAC system dates to 2020, and the foundation was found to be in good condition at the time of inspection.
The home does need updating and repairs, and the price reflects that opportunity. Bring your vision, make the improvements, and turn this property into an income-producing asset or long-term investment.
Conveniently located approximately 5 minutes from shopping, restaurants, and I-35, 15 minutes from Downtown Round Rock, and 30 minutes from Downtown Austin.
Property is being sold as-is and is available for CASH PURCHASE ONLY. Pre-inspection report available for review. Buyer to independently verify all information, condition, and intended use, including any short-term rental restrictions or requirements.
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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 18, 2026 | In contract | - | |
| In contract | |||
| Sep 11, 2026 | Listed by Keller Williams Realty | $199,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017