200 Lexington DR
About This Property
A cozy front porch creates a warm welcome, while inside, the open, light-filled floor plan features hardwood flooring throughout the main living spaces with tile only in the bathrooms. The updated kitchen features quartz countertops, tile backsplash, painted cabinetry, and an easy connection to the dining and living areas, perfect for everyday living & entertaining.
The spacious family room overlooks the private backyard and greenbelt beyond, creating a peaceful setting with no immediate rear neighbor. The primary suite is tucked privately on the main level and includes updated bath finishes. Updated flooring, kitchen improvements, and thoughtful design details make this home feel current and move-in ready.
Outside, enjoy an oversized back patio that is partially covered, offering excellent space for outdoor dining, grilling, and relaxing. Terraced landscaping, irrigated front and backyard, a detached 2-car garage, and the greenbelt backdrop add beauty, function, and privacy.
Zoned for exemplary-rated Dripping Springs ISD schools, with Rooster Springs Elementary just a short 5-minute walk away and Sycamore Springs Middle School only about a 5-minute drive. This home is walkable to neighborhood parks, duck ponds, the community pool, and gym. Nearby Belterra Village offers restaurants, specialty shops, Gold's Gym, Spec's, hardware store, salons, fitness studios, and a movie theater, with H-E-B just minutes away. Belterra also offers planned social activities, the Belterra Marlins swim team, and over 15 miles of walking, jogging, and biking trails.
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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 |
|---|---|---|---|
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| May 29, 2026 | Listed by Compass RE Texas, LLC | $599,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017