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2306 Clover Ridge DR
About This Property
The primary suite includes a walk-in closet and updated ensuite bath, now equipped with a newly installed exhaust fan. Two secondary bedrooms offer flexibility for guests or a home office, with one freshly painted.
French doors lead to a large private backyard with patio space. Recent improvements include roof replacement, extended gutter downspouts, professional tree trimming, fresh paint, updated lighting, cabinet hardware in the kitchen, new trim and paint around the exterior of the kitchen window, and installed curtain rods in the dining and bedroom spaces.
Located in Leander ISD with convenient access to Lakeline Mall, H-E-B Center, and Lakeline Station, plus nearby dining options including Blue Corn Harvest, Red Horn Coffee House & Brewing Co., and Smokey Mo's BBQ. Approximately $19,000 in recent improvements.
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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 28, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Price Decreased |
$419,000
↓ $16K
(3.7%) | |
| Price Decreased | |||
| Apr 16, 2026 | Price Decreased |
$435,000
↓ $14K
(3.1%) | |
| Price Decreased | |||
| Mar 13, 2026 | Price Decreased |
$449,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 17, 2026 | Listed by Compass RE Texas, LLC | $459,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017