39
Map
212 Kipahulu DR
About This Property
The outdoor spaces are a standout, with mature trees in the front and back, no back neighbors, and a peaceful valley view that gives the backyard a tucked-away feel. Enjoy a covered back porch for morning coffee, a detached barbecue patio for outdoor meals, and a crushed granite fire pit with seating for evenings under the trees. The almost quarter-acre 0.23-acre lot offers usable outdoor areas without feeling hard to maintain. The low 1.69% tax rate adds appeal, and the Bastrop location keeps you close to Lake Bastrop, Bastrop State Park, The Boring Company, the upcoming Bastrop 552 movie studio, Tesla Gigafactory, Austin-Bergstrom International Airport, and Austin.
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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 23, 2026 | In contract | - | |
| In contract | |||
| Jun 27, 2026 | Listed by Keller Williams Realty | $290,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017