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606 Hill CV
About This Property
Opportunity for investors, renovators, or buyers looking for a value-add project in an established Round Rock location. This single-story 3-bedroom, 2-bath home sits on a large lot with convenient access to major employers, shopping, dining, parks, and major roadways.
The property has several existing improvements, including updated kitchen countertops, flooring, exterior paint, an HVAC system and water heater replaced in 2018, and a spacious covered back patio overlooking the large backyard. The two-car garage has been converted into a workshop with French doors, providing additional functional space and future potential.
**Property is being sold in its current condition and needs additional repairs and updating. There is a significant smoke odor inside the home. The roof needs replacement and the exterior HVAC unit needs repair.** Buyers should evaluate the property based on its current condition and renovation potential.
Seller is looking for a **quick close with approximately a 30-day leaseback after closing.** This is an opportunity for an investor or renovation-minded buyer who can accommodate the seller's timeline and take on the remaining improvements.
Priced at $299,000 with the condition and necessary improvements in mind. Bring your contractor and evaluate the possibilities. Buyer to independently verify schools, measurements, condition, permits, and all property information.
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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 |
|---|---|---|---|
| Sep 25, 2026 | In contract | - | |
| In contract | |||
| Sep 12, 2026 | Relisted | $299,000 | |
| Relisted | |||
| Sep 3, 2026 | In contract | - | |
| In contract | |||
| Aug 27, 2026 | Relisted | $299,000 | |
| Relisted | |||
| Jul 28, 2026 | In contract | - | |
| In contract | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017