15
Map
4980 County Road 406 RD
About This Property
Dove Meadow is an established acreage community with deed restrictions designed to preserve the quality, character, and spacious feel of the neighborhood. The subdivision allows single-family residential use with a minimum 1,300-square-foot site-built home. An amendment to the restrictions permits subdivision only into parcels of at least 2.5 acres, helping protect long-term property values. Restrictions, amendment, and plat are available for buyer review.
Whether you're looking to build your forever home, enjoy the privacy of acreage living, or invest in one of Central Texas' fastest-growing areas, this property offers exceptional potential in a highly desirable location just minutes from the rapidly growing Taylor corridor. Buyer to verify utility availability, building requirements, schools, and intended use.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Price Decreased |
$310,000
↓ $15K
(4.6%) | |
| Price Decreased | |||
| Jul 9, 2026 | Listed by Spyglass Realty | $325,000 | |
| Listed by Spyglass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017