397 Private Road 3072
About This Property
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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 |
|---|---|---|---|
| Apr 21, 2026 | Listed by Texas Hills and Lakes RE | $1,750,000 | |
| Listed by Texas Hills and Lakes RE | |||
| Mar 23, 2026 | No longer available | - | |
| No longer available | |||
| Oct 18, 2025 | Price Decreased |
$1,949,995
↓ $5
(0%) | |
| Price Decreased | |||
| Oct 1, 2025 | Listed by Douglas Elliman Real Estate | $1,950,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Not simply a Northern Hill Country Playground minutes from Lampasas, Hwy 281, & only 75 miles from DT Austin— it’s where family gatherings, hunting weekends, lasting experiences, & wide-open adventures start with what your imagination will allow!
Spread across 130+ wildlife-exempt acres, this place is loaded: gentle yet significant rolling terrain, long-distance views, large mature trees providing native wildlife coverage (Oaks/Elms/Pecan/Cedar/Hardwoods), open-pastured corridors, & more surface water than you’ll find on most ranches. Multiple ponds & wet-weather creeks not only enhance the aesthetics & wildlife habitat, they help to create it's own ecoregion, where there is always something to explore!
Featuring a functionally arranged compound w/ the main house at its center, terrific guest house next door, fully equipped workshop/barn, & a super cool party barn across the way w/ a full kitchen, roll-up door out to the covered patio of awesome, & even the flex of a private Media Room! A solar-paneled roof carport provides covered parking & energy efficiency throughout the Ranch, along w/ ample outdoor storage for equipment/tools.
Hunters will love the turnkey setup from Day ONE w/ 5 tower blinds & feeders in place, and a well-maintained trail system making cruising around the Ranch easy. Abundant whitetail deer, turkey, & seasonal dove flying constructs this into a Hunter’s fantasy. A significant portion of the ranch has been selectively cleared & manicured, offering both open grazing areas & secluded wildlife zones.
Friends/family will love the long-distance views, shady oak groves, & the feeling of being out under the stars while still close enough for a quick HEB run. A lg portion of the property has been tirelessly groomed & cared for, making it as functional as it is beautiful. Hunting blinds to long-range Northern Hill Country views, this water-rich Texas Ranch is the perfect family or group compound & retreat that checks ALL of them boxes!!
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| Mar 15, 2019 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017