209 Timberline Drive
About This Property
Step outside to enjoy the large covered patio overlooking the low-maintenance lot, giving you more time to relax and enjoy everything the area has to offer. Located just minutes from beautiful Lake Whitney, you'll have quick access to multiple parks, boat ramps, fishing, and endless outdoor recreation.
Whether you're searching for a full-time residence, weekend getaway, vacation rental, or investment property, this home checks all the boxes. Conveniently located approximately one hour from both the DFW Metroplex and Waco, you'll enjoy small-town living with easy access to city amenities.
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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 |
|---|---|---|---|
| Aug 11, 2026 | Relisted | $149,000 | |
| Relisted | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Listed by Weichert, Realtors - The Eastland Group | $149,000 | |
| Listed by Weichert, Realtors - The Eastland Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017