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1919 Castle Gate CIR
About This Property
Located in the desirable Castle Forest subdivision, this 3-bedroom, 1-bath home offers 1,065 square feet of comfortable living space and exceptional investment potential. Built in 1980, the property has a strong rental history, having been consistently leased year after year-making it a prime opportunity for savvy investors seeking reliable income.
Just minutes from I-35, Texas State University, numerous parks and trails, and the scenic Canyon Lake, this home sits in an ideal location for tenants and homeowners alike. Whether you're expanding your portfolio or entering the market for the first time, this well-situated property offers both immediate returns and long-term value.
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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 |
|---|---|---|---|
| Dec 7, 2025 | In contract | - | |
| In contract | |||
| Nov 12, 2025 | Price Decreased |
$215,000
↓ $10K
(4.4%) | |
| Price Decreased | |||
| Oct 11, 2025 | Price Decreased |
$225,000
↓ $20K
(8.2%) | |
| Price Decreased | |||
| Oct 7, 2025 | Price Decreased |
$245,000
↓ $5K
(1.8%) | |
| Price Decreased | |||
| Oct 1, 2025 | Price Decreased |
$249,500
↓ $9K
(3.5%) | |
| Price Decreased | |||
Property Highlights
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About Greater Castle Forest
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$2,000 /mo
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$1,800 /mo
- 3 Beds
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017