260 OLD HWY 71
About This Property
This 3 bed, 2 bath home sits on over 2 acres right across from Double Eagle and River Forest subdivisions. With over 1,800 sq ft of space, it offers an open kitchen-to-living layout, a primary bathroom with double vanity and a soaking tub, and durable masonry skirting around the home. Properties with this kind of land in this location are rare-just 15 minutes to the Austin airport, 10 minutes to the Boring Company, and 15 minutes to Tesla. Hard to beat this mix of space, access, and value.
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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 |
|---|---|---|---|
| May 21, 2025 | In contract | - | |
| In contract | |||
| May 20, 2025 | Relisted | $349,000 | |
| Relisted | |||
| May 8, 2025 | In contract | - | |
| In contract | |||
| Apr 25, 2025 | Listed by All City Real Estate Ltd. Co | $349,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017