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602 Old Stone RD
About This Property
The inviting living area features a striking floor-to-ceiling limestone wood-burning fireplace, creating a warm and eye-catching focal point. The kitchen has been thoughtfully redesigned with brand-new appliances and sleek granite countertops, while both bedrooms and bathrooms have been tastefully updated for comfort and style.
Step outside to an oversized backyard shaded by mature trees, where a fully redone in-ground pool (2025) offers the perfect setting for relaxing or entertaining.
Major updates provide peace of mind, including a brand-new roof (2025), a brand-new HVAC system (2025), and all-new appliances. The home also includes a transferable home warranty through Choice Home Warranty, covering both the house and pool.
Ideally located just minutes from Interstate 35, South Congress Avenue, Zilker Park, and downtown Austin, this home offers convenient access to some of the city's best dining, shopping, and entertainment.
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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 |
|---|---|---|---|
| Aug 26, 2026 | In contract | - | |
| In contract | |||
| Aug 8, 2026 | Price Decreased |
$465,000
↓ $30K
(6.1%) | |
| Price Decreased | |||
| Jul 7, 2026 | Price Decreased |
$495,000
↓ $40K
(7.5%) | |
| Price Decreased | |||
| Apr 16, 2026 | Listed by Watters International Realty | $535,000 | |
| Listed by Watters International Realty | |||
| Apr 1, 2026 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017