196 Milam LN
About This Property
Step inside to an inviting open-concept layout highlighted by soaring vaulted ceilings and an abundance of natural light streaming in from every angle. Whether you're entertaining or unwinding, the cozy wood-burning stove creates the perfect atmosphere year-round.
At the heart of the home, the thoughtfully designed kitchen shines with granite countertops, a farmhouse sink, and custom cabinetry.
Upstairs, a loft provides flexible space for a home office, playroom, or additional lounge area, adapting effortlessly to your needs.
Every inch of this home reflects craftsmanship and care, seamlessly blending modern finishes with warm, rustic charm.
Outside, enjoy the privacy and endless possibilities of 13.7 acres, that has the potential for Agricultural exemption. Complete with a 35x55 insulated metal shop, a chicken coop with electricity, a water softener system, two deer blinds, and a deck creating the perfect setting for gatherings, quiet mornings or evenings under the Texas sky. The home has spray foam insulation for energy efficiency, making this property as practical as it is beautiful.
This is more than a home, it's a private retreat offering peaceful country living without sacrificing modern convenience
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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 |
|---|---|---|---|
| Jul 27, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Price Decreased |
$1,099,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Jun 18, 2026 | Price Decreased |
$1,149,000
↓ $51K
(4.3%) | |
| Price Decreased | |||
| Apr 1, 2026 | Listed by Spyglass Realty | $1,200,000 | |
| Listed by Spyglass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017