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512 Choke Canyon LN
About This Property
The primary suite is generously sized and features a two-step tray ceiling and upgraded bay window. The spa-like primary bath includes custom standalone vanities, a freestanding soaking tub, upgraded tile work, and a large walk-in shower with multiple shower heads. The primary closet has been enhanced with additional built-in cabinetry and storage. The second story half-level offers a large secondary living or flex space, currently used as a gym, providing excellent versatility. Additional upgrades include a Generac generator to ensure uninterrupted power during severe weather events. Located in the highly sought-after Leander ISD, this home combines premium finishes, thoughtful upgrades, and an exceptional lot-making it truly one of a kind. For more info, go to: https://wkf.ms/47ukLgp
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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 |
|---|---|---|---|
| Feb 18, 2026 | In contract | - | |
| In contract | |||
| Feb 11, 2026 | Listed by Compass RE Texas, LLC | $875,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017