20
Map
245 Elm Forest Loop
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 |
|---|---|---|---|
| Apr 22, 2025 | Sold | ||
| Sold | |||
| Apr 6, 2025 | In contract | - | |
| In contract | |||
| Mar 7, 2025 | Price Decreased |
$159,000
↓ $6K
(3.6%) | |
| Price Decreased | |||
| Feb 24, 2025 | Listed by Stanberry & Associates | $165,000 | |
| Listed by Stanberry & Associates | |||
| Feb 4, 2025 | Listed by Stanberry REALTORS | $165,000 | |
| Listed by Stanberry REALTORS | |||
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Nestled in the scenic Thousand Oaks subdivision, this unique five-acre property offers a rare opportunity for the right buyer. Featuring a beautiful sloping and terraced landscape with a seasonal wet-weather creek, this land presents both charm and potential. While the property is designated within a flood zone, there appears to be an elevated area on the front right-hand corner that could serve as a homesite. Buyers are encouraged to conduct a site elevation survey to determine flood levels and may need to move dirt or consider building on piers to create their ideal living space. With some vision and effort, this property can be transformed into a stunning retreat. Located in the heart of Cedar Creek, it offers easy access to outdoor activities such as golfing at Wolfdancer, exploring McKinney Roughs Nature Park, and visiting the Dinosaur Park and Capital of Texas Zoo. Conveniently situated just 22 minutes from Bastrop, 36 minutes from downtown Austin, and near key destinations like the Austin-Bergstrom International Airport, Circuit of the Americas, Tesla Gigafactory, and Starlink, this property is perfect for those seeking a blend of nature and accessibility. Bring your animals, plant a garden, and make this special piece of land your own.
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About Thousand Oaks
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
$1,995 /mo
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$1,800 /mo
- 3 Beds
- 2 Baths
- 1,792 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017