385 Sunset Ridge DR
About This Property
The addition of private access to the Lampasas River further enhances the appeal of this property and simply enjoying the natural beauty along the riverbank. The proximity to shopping centers like HEB, Target, and Starbucks adds convenience to daily life, making it easy for residents to access amenities while still enjoying the tranquility of living outside the city limits. With horse riding trails, wooded landscapes, and beautiful sites for a home, this property offers a unique blend of rural charm and modern convenience, making it an ideal location for those seeking a peaceful yet accessible lifestyle. Being outside the city limits provides residents with a quieter and more spacious living environment, away from the hustle and bustle of urban life. It allows for more freedom in terms of land use and often offers lower property taxes. Additionally, being outside city limits typically means less light pollution, allowing for clearer views of the night sky and a greater connection to nature. This setting would further enhance the appeal of the property, offering residents a tranquil retreat while still being conveniently located near shopping and other amenities.
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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| Mar 25, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 6, 2024 | Listed by Century 21 Bill Bartlett | $225,000 | |
| Listed by Century 21 Bill Bartlett | |||
| Jul 31, 2023 | Listed by Century 21 Bill Bartlett | $225,000 | |
| Listed by Century 21 Bill Bartlett | |||
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Envision your hill country retreat on just over 6 acres with beautiful mature trees and plenty of flat build sites ready for your dream home! Located just 30 miles north of Georgetown in the beautiful gated community of River Ridge Ranch. Enjoy hiking and horse trails that surround the community as well as private access to the Lampasas River. Busy city life will feel like a distant memory, althought H-E-B Plus, Starbucks and more are only a short 15 minute drive from your new property. Best of both worlds!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017