2427 Prochnow RD
About This Property
Thoughtfully improved with extensive cedar clearing, the land showcases majestic, mature live oaks, post oaks, and cedar elms throughout. Gently rolling terrain and exceptional building sites capture breathtaking, long-range Hill Country views, providing a stunning backdrop for a custom home. With over 590± feet of paved frontage along Prochnow Road, the property offers convenient access and an inviting sense of arrival.
Light restrictions and no HOA provide greater flexibility for your vision while helping preserve the character of the surrounding area. The property is currently under an agricultural exemption, offering the benefit of significantly reduced property taxes. Native wildlife roams freely, adding to the peaceful atmosphere and authentic connection to the land.
Ideally located less than an hour from Austin and just over an hour from San Antonio, this remarkable offering delivers the perfect balance of privacy, scenic beauty, and proximity to world-class dining, entertainment, and culture.
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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 19, 2026 | Listed by Topper Real Estate | $639,000 | |
| Listed by Topper Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017