322 Maverick WAY
About This Property
Septic, electricity, and water are already connected, with an RV hookup and a 50-gallon temporary RV tank in place, and two solar-powered water wells (RPS systems) each producing 5–7 gallons per minute ensure a reliable water supply.
A 50x50 insulated barn with a covered carport/overhang adds valuable storage and workspace, while the existing concrete slab is ready for a buyer to complete it to their own vision, with house plans available to help guide the process.
The property is part of Miller Creek Ranch, a ranch community with a low $500/year HOA that covers road repair and mowing.
Conveniently located just 20 minutes to Lampasas, 30 minutes to Burnet, and less than 45 minutes to Leander/Cedar Park, this property combines seclusion with easy access to nearby towns.
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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 |
|---|---|---|---|
| Aug 10, 2026 | Listed by Watters International Realty | $579,000 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017