Classic Texas limestone home on 10 fully fenced acres offering the
perfect blend of country living and modern updates. This
meticulously maintained two-story home features 2,852 square feet
with 3 bedrooms, 3 full bathrooms, and a finished 210-square-foot
third-floor bonus room (not included in the square footage), ideal
for a fourth bedroom, office, gym, or playroom. Recent improvements
include fresh interior paint, refinished hardwood floors, new
carpet, updated lighting and ceiling fans, a renovated kitchen with
granite countertops and GE Profile stainless steel appliances, a
standing seam metal roof, and Hardie Plank siding with new exterior
insulation. Enjoy covered front and rear balconies overlooking the
peaceful countryside, plus a limestone fire pit and barbecue area
for outdoor entertaining. The property features a 40' x 60' steel-framed insulated workshop with power and water, a livestock
shed, two powered entrance gates, an attached two-car garage, and
abundant parking for vehicles, RVs, and boats. Enjoy the serenity
of country living with mature trees, open skies, and exceptional
privacy, all just 30 minutes from the shopping, dining, healthcare,
and employment centers of Georgetown, Cedar Park, Leander, Liberty
Hill, and Lampasas. Austin is less than an hour's drive along the
183 corridor.
Low annual property taxes with current homestead and ag exemptions.
Property taxes are paid to Burnet Consolidated ISD, yet the
seller's children previously attended Florence ISD schools. Buyers
should verify school districts and enrollment options.
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.
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