293 Alma LN
About This Property
Inside, the open living, dining, and kitchen areas create an inviting central gathering space, while the split-bedroom layout provides added privacy with the primary suite located on one side of the home and the secondary bedrooms on the other. New carpet has been installed in all bedrooms, and the home has been carefully maintained by its original owner since being placed on the property.
Outside, the spacious .75-acre lot gives you room to enjoy the property while an added covered parking area provides enough space to accommodate an RV. Additional features include a high-quality water softener and an under-sink water filtration system.
Located approximately five minutes from SH-130, the property provides convenient access throughout Central Texas while maintaining a little more space outside the city. Downtown Kyle and Buda are both a little over 15 minutes away, with Austin-Bergstrom International Airport approximately 20 minutes away.
Well cared for, spacious, and ready for its next owner, 293 Alma Lane offers a combination of land, accessibility, and move-in-ready condition that can be difficult to find at this price point.
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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 30, 2026 | In contract | - | |
| In contract | |||
| Jul 23, 2026 | Listed by Keller Williams Realty | $279,900 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017