*The sellers have an assumable VA loan.* An extended covered patio
with a gas-fueled outdoor fireplace capable of burning real
hardwoods, a built-in outdoor kitchen, and a custom electric sun
screen turn this Belterra home into a true indoor-outdoor retreat,
tucked inside The Cove, the only gated section of Belterra. Set on
a private greenbelt lot with no rear neighbors, this single-story
home delivers quiet privacy. The property includes a protected,
stacked, and seasoned wood pile. Inside, the open floor plan
connects a spacious living room with wood-wrapped ceiling beams to
a gourmet kitchen featuring double ovens, upgraded stainless
appliances, soft-close drawers, a reverse-osmosis water system, and
a full-home water softener. The primary suite features a spa-style,
walk-in shower with tiled bench and a $30k California Closets
system. Two additional bedrooms, one being used as a home office,
provide flexible space. Engineered wood floors flow throughout,
while a stone fireplace anchors the living room. For light control,
the large living room picture windows feature three
battery-powered, remote-controlled, and synchronized sun screens,
with a single manually-operated sun screen in the dining area.
Outdoors, the extended covered patio and built-in outdoor kitchen
make year-round entertaining effortless, framed by wrought iron
fencing and mature plantings. HOA-included lawn care for front and
back yards-including mowing, mulching, and weed prevention-keeps
upkeep simple. Life in The Cove means access to Belterra's
resort-style community pool, pickleball, tennis, fitness center,
and 17 miles of trails, all zoned to Dripping Springs ISD. Just 43
homes make up this gated enclave. This address puts shopping,
dining, Austin, and Dripping Springs within easy reach. With a
functional layout, high-end finishes, and true low-maintenance
living, this Belterra home in 78737 delivers exactly what today's
buyers are searching for.
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.
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