255 Rieber RD
About This Property
The Paintbrush at 255 Rieber Road offers a beautifully designed single story layout with 1434 square feet of well used space, featuring three bedrooms, two bathrooms, a spacious family room, and a versatile pocket study ideal for working from home or managing daily tasks. The gourmet kitchen includes quartz countertops, stainless steel appliances, gas cooking, and ample cabinetry that flows naturally into the main living area. The primary suite provides a quiet retreat with a generous walk in shower, dual vanity, and thoughtfully selected finishes. Full sod, a complete sprinkler system, and alley access to the two car garage add to the home's practicality, while the covered outdoor spaces create inviting areas for relaxing or entertaining.
Built with energy efficiency in mind, this home includes radiant barrier roof decking, R15 wall insulation, R49 blown attic insulation, a 16 SEER HVAC system, and a tankless water heater designed to enhance comfort and long term savings. With quality construction, a functional layout, and a location surrounded by neighborhood amenities and Central Texas charm, this home in Sage Hollow presents an excellent opportunity to enjoy modern living in a growing community.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 2, 2026 | In contract | - | |
| In contract | |||
| Jan 17, 2026 | Price Decreased |
$314,999
↓ $10K
(3.1%) | |
| Price Decreased | |||
| Jan 6, 2026 | Price Decreased |
$324,999
↓ $23K
(6.7%) | |
| Price Decreased | |||
| Nov 21, 2025 | Listed by Outlaw Realty | $348,185 | |
| Listed by Outlaw Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017