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Map
3487 Rust
About This Property
The 2,447-square-foot home features 3 bedrooms and 2.5 baths, including a primary suite with a two-way fireplace and east-facing sunrise views (perfect for morning coffee and main-character moments). The open-concept living space delivers cozy Hill Country vibes, while the kitchen brings the goods: large island with bar sink, stainless fridge (2021), propane oven/range, and a breakfast nook overlooking your very own slice of Texas.
Smart upgrades include an on-demand water heater (2022), new water pump (2022), water filtration system (2022), and Starlink rooftop internet-because rural doesn't have to mean "buffering." Outside, you'll find stone and corrugated metal siding, a metal roof (2020), a covered front patio, and a balcony with epic views for miles, mature oaks for shade, and wide-open acreage ready for gardens, livestock pens, trails, workshops, or your future chicken empire.
Existing improvements include horse stalls, a game pen, and multiple outdoor areas ready to be customized for animals, storage, or hobby-farm dreams. Select equipment may be negotiable-because who doesn't love bonus toys? Bonus: wildlife management tax exemption in place!
Located in a private neighborhood with shared easement access, plus direct access to the Guadalupe River for fishing, tubing, and kayaking when farm life needs a float break. Furnishings and select equipment are negotiable, making this a flexible, partially turnkey opportunity. This is Hill Country living with personality-space to play, grow, relax, and maybe finally get those mini horses you've been low-key wanting.
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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 |
|---|---|---|---|
| Jun 25, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$899,000
↓ $76K
(7.8%) | |
| Price Decreased | |||
| Apr 25, 2026 | Price Decreased |
$975,000
↓ $24K
(2.4%) | |
| Price Decreased | |||
| Mar 31, 2026 | Price Decreased |
$999,000
↓ $101K
(9.2%) | |
| Price Decreased | |||
| Mar 4, 2026 | Price Decreased |
$1,099,999
↓ $50K
(4.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017