39
Map
5900 Highway 138
About This Property
An enclosed sunroom at the back of the home provides an additional versatile living area, perfect for relaxing, entertaining, or enjoying the surrounding nature year-round.
The property is thoughtfully arranged for a variety of uses, with multiple fence types including a split-rail fence along the front and driveway, barbed-wire fencing along the sides, and a chain-link fenced pen, perfect for livestock or future repurposing. Additional improvements include a workshop that also houses the well-house, plus a chicken coop, ideal for hobby farming, projects, or equipment storage. Recent updates include a new water heater and a refurbished furnace for added peace of mind. The land itself offers excellent versatility: the front 3 acres are cleared, mostly level, with just a few trees, while the back 7 acres are wooded, with natural, gently sloping terrain.
With Burnet County School District taxes and Williamson County taxes (non-school), this property combines affordability with rural charm. Whether you're seeking privacy, space, or an agricultural setup, this acreage provides comfort, flexibility, and opportunity in a beautiful country setting.
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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 9, 2026 | In contract | - | |
| In contract | |||
| Dec 4, 2025 | Listed by Watters International Realty | $675,000 | |
| Listed by Watters International Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017