800 Hillcrest DR
About This Property
Mill Creek in Salado is a well-established community known for its scenic beauty, mature trees, and custom homes. Residents enjoy the charm of small-town living with convenient access to Mill Creek Golf Club, walking trails, and the peaceful Salado Creek. With spacious lots and diverse home styles, the neighborhood offers a relaxed yet connected lifestyle, just minutes from I-35 for an easy commute to Austin or Temple. This one-of-a-kind property won't last long-don't miss your chance!
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 8, 2025 | No longer available | - | |
| No longer available | |||
| May 23, 2025 | Price Decreased |
$115,000
↓ $10K
(8%) | |
| Price Decreased | |||
| Apr 24, 2025 | Price Decreased |
$125,000
↓ $5K
(3.9%) | |
| Price Decreased | |||
| Feb 8, 2025 | Listed by Keller Williams Realty | $130,000 | |
| Listed by Keller Williams Realty | |||
| May 26, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017