3 Heritage Oaks DR
About This Property
What makes this home stand out? It's been thoughtfully updated with all the big stuff taken care of: a full interior remodel in 2020, new windows and sliding doors in 2020, a new AC system in 2020, fresh exterior siding and paint in 2021, and extra attic insulation in 2022 to keep your bills low. You get the best of both worlds-character and comfort. Plus, there's no HOA breathing down your neck, and it's in the highly rated Dripping Springs school district.
Location-wise, it's hard to beat: just 20 minutes to the buzz of downtown Austin, 15 minutes to charming Dripping Springs, and only 3 minutes to HEB, shops, and restaurants in Belterra Village. This isn't just another house-it's a hill country haven that offers a lifestyle you won't find elsewhere. Come see it for yourself and discover why this gem is in a class of its own. Call to schedule a tour today!
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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 |
|---|---|---|---|
| Jan 30, 2026 | In contract | - | |
| In contract | |||
| Jan 16, 2026 | Price Decreased |
$725,000
↓ $25K
(3.3%) | |
| Price Decreased | |||
| Nov 1, 2025 | Relisted | $750,000 | |
| Relisted | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Sep 18, 2025 | Price Decreased |
$750,000
↓ $29K
(3.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017