245 Windmill Lane
About This Property
At the heart of the home is a statement-making kitchen that opens directly into the main living area, creating a space that feels both impressive and incredibly functional. Vaulted ceilings add to the sense of openness, while a full wall of built-in bookshelves brings warmth, character, and a custom touch. Updates throughout the home complement its generous proportions and make the space feel fresh, comfortable, and inviting.
The floor plan offers an incredible amount of flexibility, with multiple living areas and plenty of room for large households, multigenerational living, guests, home offices, hobbies, or simply having space where everyone can have a place of their own. The residence combines a manufactured home with a substantial site-built addition and was previously configured to accommodate two separate living areas.
Outside, nearly four acres provide privacy, breathing room, and space to enjoy a quieter pace without being far from Waco. With its impressive size, standout kitchen, updated interior, unique character, and versatile layout, 245 Windmill Lane is a property that offers far more than meets the eye.
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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 1, 2026 | Listed by Bramlett Partners | $399,000 | |
| Listed by Bramlett Partners | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017