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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%.
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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.
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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 7, 2026 | Listed by eXp Realty LLC | $509,000 | |
| Listed by eXp Realty LLC | |||
| May 26, 2023 | No longer available | - | |
| No longer available | |||
| Apr 20, 2023 | In contract | - | |
| In contract | |||
| Jan 21, 2023 | Listed by Busse Group Real Estate | $575,000 | |
| Listed by Busse Group Real Estate | |||
| | |||
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INCREDIBLE VALUE: the LOWEST PRICE PER SQUARE FOOT in the $450,000-$650,000 PRICE RANGE IN HORSESHOE BAY, where partial updates allow you to add your own finishing touches. Sited on a large corner lot in Horseshoe Bay West, it’s perfect for either full- or part-time living! Classic design welcomes you home as you step through a charming courtyard entrance into the elegance of beamed cathedral ceilings and a neutral palette. Embers glow from the living room fireplace, while picture windows wash the open-concept living and dining areas with natural light. The updated galley kitchen boasts gleaming granite counters, a pull-up bar, abundant storage, and a walk-in pantry. The owner’s suite is a romantic, relaxing retreat - with its generous en-suite bath boasting double vanities, a luxurious stone slipper tub, a step-in shower, and two walk-in closets. On the opposite side of the house, two spacious bedrooms, each with on-suite baths, provide privacy for your family and guests. Off the corner cul-de-sac, the side entry garage is convenient. Affording easy flow for entertaining, enjoy your Hill Country oasis on the spacious covered back patio. Step up to the private rooftop balcony to take in Lake LBJ views, and as your favorite tunes play, linger over dinner while twilight glistens and count the stars of the endless Texas skies. The manager has listed the unit size as 2775 square feet.
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| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
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About Horseshoe Bay
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017