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353 King Elder LN
About This Property
The kitchen flows seamlessly into the main living area, offering ample counter space and cabinetry for functionality and ease. The primary suite provides a comfortable retreat with a spacious bedroom and private bath, while additional bedrooms offer flexibility for guests, a home office, or additional living needs.
Enjoy a private backyard perfect for relaxing or hosting gatherings. Conveniently located near shopping, dining, parks, and major roadways, with access to Leander ISD schools.
Greatly priced for the neighborhood, this home presents an excellent opportunity to own in Summerlyn with exceptional value.
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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 |
|---|---|---|---|
| Mar 23, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Price Decreased |
$354,999
↓ $5K
(1.4%) | |
| Price Decreased | |||
| Feb 26, 2026 | Price Increased |
$359,999
↑ $10K
(2.9%) | |
| Price Increased | |||
| Jan 29, 2026 | Listed by Keller Williams Realty C. P. | $349,999 | |
| Listed by Keller Williams Realty C. P. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017