329 String Prairie WAY
About This Property
Each home rests on an engineered slab foundation, designed to provide strength, stability, and protection against shifting soils common in Central Texas. Combined with modern construction standards, this foundation delivers lasting quality and reduces maintenance concerns down the road. Inside, you will find fenced-in backyards for privacy, spacious open layouts filled with natural light, modern kitchens for cooking and entertaining, and generous living areas made for gatherings or quiet evenings.
The Prairie was created with timeless style, strength, and a sense of pride. Residents can enjoy leisurely walks and bike rides along well-lit sidewalks, a secluded entrance, and a welcoming atmosphere that encourages friendly neighborhood connections. This peaceful setting makes it easy to relax outdoors, play, or simply enjoy the community around you.
Nestled in the heart of Smithville, TX, The Prairie offers close access to everything you need. Local highlights include the Colorado River, Buescher State Park, Riverbend Park, and a nearby community recreation center. For travel and commuting, the Austin-Bergstrom International Airport is only 40 minutes from your doorstep.
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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 22, 2026 | In contract | - | |
| In contract | |||
| Sep 22, 2025 | Listed by Van Zandt Properties | $369,500 | |
| Listed by Van Zandt Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017