5708 Lakemont Circle
About This Property
Three bedrooms, with master and additional multi-purpose room, this home is nearly 2,000 square feet of open floor plan, spacious living for the family! Attached outdoor covered breezeway for patio dining or additional carport space for up to 2 vehicles, with attached one car garage with a fully fenced backyard on a nearly quarter acre, oversized lot; perfect for family outdoor entertaining.
Gas stove top with dishwasher and refrigerator and double pantry, the kitchen provides a breakfast bar into the dining space leading into a spacious living room.
You're just minutes from Lake Waco for outdoor recreation, Richland Mall for shopping, and top-rated dining spots along Bosque Blvd and Highway 84. The area is also served by highly rated schools in this Mountainview Neighborhood of Lake Air Estates-making it ideal for families.
H-E-B, Target, and local gyms are all within a short drive, and you're less than 15 minutes from downtown Waco, Baylor University, and Magnolia Market. Whether you're commuting, raising a family, or just want peace and quiet with convenience, this location delivers on all fronts!
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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 |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Jul 27, 2025 | Price Decreased |
$249,999
↓ $20K
(7.2%) | |
| Price Decreased | |||
| Jun 30, 2025 | Price Decreased |
$269,500
↓ $6K
(2%) | |
| Price Decreased | |||
| May 14, 2025 | Listed by Arise Capital Real Estate | $275,000 | |
| Listed by Arise Capital Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017