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5904 SPARTAN CV
About This Property
This eco-friendly home includes a fully owned solar power system with battery backup from three Tesla Powerwalls. This system automatically provides backup power during power outages, giving you peace of mind and saving you money each month with energy credits from Austin Energy. Plus, it makes adding an EV charger a breeze. The recently updated kitchen features quartz countertops, a Wolf induction cooktop, and a built-in Sub-Zero refrigerator. The primary suite is on the second floor, with a secondary bedroom and/or office, a walk-in closet, or even a workout room. On the main level, you'll find two bedrooms that share a jack-and-jill bathroom. The spacious oversize garage can easily fit two SUVs, plus bicycles or other gear. The lot for this home is unusually large at .79 acre, with much of it extending into the canyon behind the house. There is a private backyard oasis with a fire pit and plenty of room for chairs or a picnic table in a lovely area looking out at a meadow of native plants. Located in the highly desirable Great Hills neighborhood, the home is super convenient, just a short hop from The Domain, Arboretum, Whole Foods, Trader Joe's, and HEB, plus it's near major roads. The Great Hills Country Club, with a swimming pool and premier golf course, is just a 6-minute walk.
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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 |
|---|---|---|---|
| Jul 29, 2026 | In contract | - | |
| In contract | |||
| Jul 9, 2026 | Price Decreased |
$1,000,000
↓ $95K
(8.7%) | |
| Price Decreased | |||
| Jun 15, 2026 | Listed by Compass RE Texas, LLC | $1,095,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017