2551 Prochnow RD
About This Property
Extensive cedar clearing reveals the land's natural beauty, showcasing majestic, mature live oaks, post oaks, and cedar elms throughout. The elevated building sites capture expansive panoramic views of the surrounding countryside, creating an incredible backdrop for a custom home and unforgettable sunsets. Convenient access from a private paved road adds to the property's appeal.
Light restrictions and no HOA offer flexibility to bring your vision to life while preserving the area's Hill Country character. Currently under an agricultural exemption, the property benefits from significantly reduced property taxes. Native wildlife roams freely, enhancing the peaceful atmosphere and connection to nature.
Ideally located less than an hour from Austin and just over an hour from San Antonio, this remarkable property combines privacy, spectacular views, and the beauty of the Texas Hill Country with convenient access to premier 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 | $670,000 | |
| Listed by Topper Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017