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231 Vip DR
About This Property
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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 |
|---|---|---|---|
| Oct 16, 2026 | Price Decreased |
$399,000
↓ $16K
(3.8%) | |
| Price Decreased | |||
| Aug 13, 2026 | Price Decreased |
$414,900
↓ $24K
(5.5%) | |
| Price Decreased | |||
| Mar 20, 2026 | Listed by Sullivan Hill Country Properti | $439,000 | |
| Listed by Sullivan Hill Country Properti | |||
| Jun 30, 2024 | Sold | ||
| Sold | |||
| Jan 28, 2024 | Listed by Keller Williams Heritage | $449,000 | |
| Listed by Keller Williams Heritage | |||
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Motivated Sellers. Huge Price Reduction!!! Discover the charm and comfort of this recently updated retreat nestled in the heart of Canyon Lake's Texas Hill Country. With over $100k in improvements, this 4-bedroom, 2-bathroom home offers serene views of Devil's Backbone and Canyon Lake from its sought-after location in the Mt. Lookout subdivision. Just minutes from the Canyon Lake Yacht Club, Guadalupe River tubing spots, and Whitewater Amphitheater. This home sits on a double lot, providing ample space for outdoor enjoyment or the possibility of building a guest casita or rental property. Recent upgrades include a new roof, HVAC system, garage doors, and fresh interior paint throughout. The large walkout basement/garage space offers potential for additional living areas, a workshop, or a place to store all your lake toys; providing endless possibilities for customization. Imagine waking up to stunning views each morning and spending your days exploring the beauty of the Texas Hill Country. Don't miss out on this opportunity to create your ideal Canyon Lake retreat. Schedule your tour today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017