30
Map
197 SPRING MOUNTAIN DR
About This Property
Listed By
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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 |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$419,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 28, 2026 | Price Decreased |
$429,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jun 27, 2026 | Listed by Hill Country Flat Fee Realty | $439,000 | |
| Listed by Hill Country Flat Fee Realty | |||
| Sep 19, 2025 | In contract | - | |
| In contract | |||
| Sep 17, 2025 | Listed by Land Unlimited | $135,900 | |
| Listed by Land Unlimited | |||
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Just off FM 306, this lot offers the perfect blend of lake life and investment opportunity. Located less than 3 miles from Canyon Lake Dam and the Whitewater Amphitheater, you’ll be minutes from live music, tubing the Guadalupe River, and endless water recreation. Water and electric are already available, making it easy to start building your dream getaway, short-term rental, or forever home. The area’s strong tourism makes this an ideal location for both lifestyle and investment. Best of all, owner financing is available, making it easier than ever to own your piece of the Texas Hill Country!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017