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722 River Oaks DR
About This Property
San Leanna keeps its own village identity, separate from the City of Austin. You get a quiet, established setting while staying close to everyday life. Downtown Austin is roughly 20 minutes north, Austin-Bergstrom is about 20 to 25 minutes out, and the Menchaca corridor with HEB, restaurants, and daily errands is just a few minutes away. Mopac access runs north via FM 1626.
The buildable area sits toward the road frontage, away from the creek. The FEMA flood zone AE designation affects only the creek-side portion of the lot, not the buildable area toward the road. Buyer to verify the exact zone line. Travis County platting exception letters are on file, so the lot can be sold and built without re-platting. San Leanna Park CCRs run through 2030 and call for Architectural Committee approval, a 1,200 sf minimum dwelling, 80 percent masonry, a 50 ft height limit, and single-family use only. OSSF (septic) required, no city sewer. Buyer to verify utilities, impervious cover limits, and building requirements.
Adjacent lots at 726 and 730 River Oaks are also available, individually or as a package. Rare to get three contiguous creek lots from a single seller.
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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 |
|---|---|---|---|
| May 22, 2026 | Listed by Volt Realty | $170,000 | |
| Listed by Volt Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017