6
Map
242 Ridge PT
About This Property
Listed By
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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 |
|---|---|---|---|
| Sep 18, 2026 | Listed by NextHome Valor Realty | $155,000 | |
| Listed by NextHome Valor Realty | |||
| Aug 2, 2026 | No longer available | - | |
| No longer available | |||
| Mar 18, 2026 | Price Decreased |
$199,900
↓ $25K
(11.2%) | |
| Price Decreased | |||
| Jan 23, 2026 | Listed by NextHome Valor Realty | $225,000 | |
| Listed by NextHome Valor Realty | |||
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242 Ridge Point is a 4.48-acre residential lot located in the prestigious Mystic Shores community in Spring Branch, Texas. Nestled at the end of a cul-de-sac, this property offers privacy and stunning views of the Texas Hill Country. The lot features a gentle slope and hilly topography, making it an ideal site for building a custom home. Residents of Mystic Shores enjoy access to a variety of amenities, including a 140-acre nature preserve, an Olympic-sized pool, a clubhouse with an outdoor pavilion, tennis and volleyball courts, and a playground. The community boasts low Property Owners Association (POA) dues and provides an easy commute to both San Antonio and Austin. This property presents an excellent opportunity to build your dream home in a serene and well-appointed neighborhood.
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| Dec 27, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017