171 CR 429
About This Property
Welcome to your ideal slice of the Texas Hill Country! This versatile 40-acre property offers a rare combination of natural beauty, functionality, and comfort, perfect for a full-time residence, weekend getaway, or working ranch. The main home is a charming 3-bedroom, 1-bathroom residence filled with character and country charm. Step outside to a beautiful patio area, perfect for relaxing, entertaining, or enjoying quiet evenings under the stars with San Saba Peak in the distance. A separate apartment provides additional living space, ideal for guests, extended family, or potential rental income. The land is fully fenced and cross-fenced, featuring lush coastal Bermuda grass pastures, areas with heavier tree cover, a well-maintained stock tank, and excellent hunting opportunities with abundant deer, turkey, and other wildlife. Practical improvements make this property ready for immediate use. A nice shop offers plenty of space for equipment or hobbies, and cattle pens are already in place for smooth livestock handling. With two water wells, the property has a reliable water supply for both residential and agricultural needs.
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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 |
|---|---|---|---|
| Feb 9, 2026 | Sold | ||
| Sold | |||
| Jan 20, 2026 | In contract | - | |
| In contract | |||
| Jan 2, 2026 | Price Decreased |
$599,000
↓ $41K
(6.4%) | |
| Price Decreased | |||
| Dec 16, 2025 | Relisted | $640,000 | |
| Relisted | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017