655 Cascade TRL
About This Property
The thoughtfully designed kitchen not only captures scenic views, but also features wall-to-wall cabinetry, abundant storage, and a beautifully crafted center island that anchors the space as the true heart of the home. The owner's retreat continues the home's charm with custom wall treatments and an elegant tray ceiling. The ensuite bath is appointed with a custom dual vanity and a stone walk-in shower. Two additional bedrooms are located on the opposite side of the home, including one with a Murphy bed, offering exceptional flexibility for guests, work, or everyday living. A hobbyist dream, this property features a 1500 square foot 4-car garage with a climate-controlled workshop, built-in cabinetry, electric car charging station and half bath. Additional improvements include a garden shed, greenhouse, and an attached fenced garden area, making this property well-suited for gardening and self-sufficient living.
Utilities include a septic system and a rainwater collection system with a 20,000-gallon storage tank, which has historically maintained ample capacity. With expansive acreage, multiple outbuildings, and a peaceful Hill Country setting, this property offers a rare opportunity for buyers seeking space, versatility, and a connection to the land.
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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 |
|---|---|---|---|
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Jan 21, 2026 | Listed by Platinum Realty-Austin | $649,900 | |
| Listed by Platinum Realty-Austin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017