273 Cypress Forest DR
About This Property
Set on a 0.181-acre lot, the backyard is private and tree-lined, with stone accents and a storage shed adding function without sacrificing green space. The screened-in back porch is built for year-round use: covered, shaded from the afternoon sun, and enclosed against bugs, it is ready for grilling, television, or simply relaxing outside without the usual Texas heat and insects getting in the way.
Custom cabinetry extends beyond the kitchen into the bedrooms, primary closet, and laundry room, adding built-in storage well beyond what is typical at this price point. The primary suite includes this custom closet system, and the kitchen includes an island, generous counter space, and a layout built for daily living and entertaining alike. At 2,000 square feet, this single-story plan keeps everyday living simple, with no stairs to manage and no wasted space to maintain.
Cypress Forest is a Hays CISD community near N Old Stagecoach Rd and W Center St, with easy access to I-35 for commuters heading into Austin or San Antonio. Residents enjoy a neighborhood playground, community pool, covered pavilion, and a stocked fishing pond, all set among the wide, tree-lined streets that give Cypress Forest its quiet, established feel. Local dining options, including Via 313 Pizza and Shugabees Texas BBQ, sit just minutes away. This is single-story, low-maintenance living in one of Kyle's most requested addresses.
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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 |
|---|---|---|---|
| Jul 7, 2026 | Listed by Keller Williams - Lake Travis | $429,999 | |
| Listed by Keller Williams - Lake Travis | |||
| Jun 3, 2024 | Delisted | - | |
| Delisted | |||
| May 31, 2024 | In contract | - | |
| In contract | |||
| Apr 11, 2024 | Price Decreased |
$469,790
↓ $7K
(1.5%) | |
| Price Decreased | |||
| Feb 8, 2024 | Price Decreased |
$476,900
↓ $18K
(3.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017