500 Millington LN
About This Property
The home has been thoughtfully refreshed with recent updates including new kitchen appliances, lightly updated bathrooms, a complete interior and exterior repaint, new light fixtures throughout, and a full property clean-up. A dedicated power outlet near the garage is already in place for a Level 2 EV charger, offering added convenience for modern living.
Outdoor living is a true highlight. The spacious backyard features an oversized concrete patio with ample room for a fire pit, dining, and seating areas, all complemented by a covered patio equipped with dual outdoor fans-perfect for enjoying warm Texas evenings.
At the rear of the property, a climate-controlled structure with electrical in place offers excellent flexibility. It can be converted into an ADU, private office, studio, or workshop. The structure may convey or be removed depending on offer terms, allowing buyers to tailor the property to their needs.
Ideally located just minutes from Buda's Main Street, residents can enjoy community events, a farmers market, local restaurants, boutique shops, and entertainment.
With rare access, generous usable space, no HOA, and exceptional versatility, this property presents a unique opportunity in one of Buda's most established neighborhoods.
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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 |
|---|---|---|---|
| Jan 20, 2026 | In contract | - | |
| In contract | |||
| Jan 9, 2026 | Listed by Keller Williams Brazos West | $545,000 | |
| Listed by Keller Williams Brazos West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017