16708 Rakesh WAY
About This Property
Step outside to a covered outdoor living area designed for year-round enjoyment, whether you're hosting friends, unwinding after a long day, or enjoying quiet mornings outside. The cul-de-sac setting adds an extra layer of privacy and a peaceful neighborhood feel.
Located in ShadowGlen, residents enjoy access to community amenities, pool, golf, parks, and trails and with the growth in central Texas, this home offers an exceptional geographic location just 20 mins to downtown Austin, 20 mins to UT Campus, 20 mins to the airport, 20 mins to the Domain & 25 mins to COTA's Formula 1 track. This home offers the perfect balance of modern living, thoughtful design, and a location that keeps you connected to everything Central Texas has to offer.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 12, 2026 | Price Increased |
$505,000
↑ $5K
(1%) | |
| Price Increased | |||
| Feb 12, 2026 | Listed by Keller Williams Realty | $500,000 | |
| Listed by Keller Williams Realty | |||
| Oct 21, 2025 | Delisted | - | |
| Delisted | |||
| Oct 11, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017