228 Sumalt Gap WAY
About This Property
Whether you're sipping your morning coffee or hosting a weekend barbecue, step outside to the fenced, covered patio, offering an oasis for enjoying the outdoors. And don't forget to park your golf cart in this over-sized two car garage! This property is located in the prestigious Lake Travis Independent School District, ensuring access to top-tier educational opportunities. The acclaimed Rough Hollow community provides resort-style living featuring lake access, inspiring hill country views and an array of resident amenities: the Yacht Club, multiple pools, lazy river, basketball court, tennis & pickleball courts, splash pad and hike-and bike-trails, and dog parks. You can also easily access some city fun with Austin just 30-45 minutes away! Live the life you've always dreamed of in this exceptional property that effortlessly combines style, functionality, and the best of Lakeway living.
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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 |
|---|---|---|---|
| Nov 17, 2023 | Listed by Keller Williams - Lake Travis | $625,000 | |
| Listed by Keller Williams - Lake Travis | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017