23
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350 Springlake DR
About This Property
From the moment you arrive, the wraparound front porch welcomes you to relax and take in the peaceful surroundings, where deer roam freely and mature trees provide a picturesque backdrop with unforgettable sunsets. Inside, the open-concept living space downstairs is bright and welcoming, featuring white-painted beamed ceilings, rich hardwood floors, a cozy stone fireplace, and thoughtfully curated enhancements that add to the home's warm and inviting character and feel.
The fully equipped kitchen is both functional and stylish, featuring quartz countertops, a spacious kitchen island, stainless steel appliances, and ample cabinetry-perfect for everything from everyday meals to special gatherings.
The spacious first-floor primary suite is a peaceful retreat, complete with a large walk-in closet and a beautiful en-suite bathroom with a walk-in tiled shower. Upstairs are two generously sized bedrooms and a full bathroom, offering privacy and comfort for family or guests.
Step outside to the expansive yard, designed for entertaining, relaxation, and recreation. Whether grilling under the stars, enjoying the open lawn, or unwinding on the front porch, this outdoor space is as inviting as the home itself. Additional highlights include a well-organized laundry and pantry area and a charming powder bath downstairs for guests. Just 24 miles to Downtown Austin, TX!
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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 |
|---|---|---|---|
| Mar 6, 2025 | Listed by Bramlett Partners | $549,000 | |
| Listed by Bramlett Partners | |||
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About Dripping Springs
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017