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8117 Joy RD
About This Property
An elevator serves all three levels. The top floor features two living areas split by a see-through fireplace, a gourmet kitchen with granite counters and a wrap-around breakfast bar, two dining areas, and balconies showcasing the lake views. The second floor holds a primary suite with a private balcony and spa-like bath, plus two more bedrooms and a shared bath. The first floor has a full guest/in-law suite with its own entrance, kitchen, and living area.
Outside: a fenced backyard with fire pit and fountain, a two-car garage plus carport, and low-cost utilities (well, propane, septic). Minutes from dining, marinas, and Volente Beach Village, in sought-after Leander ISD. 4,044 sq ft per appraiser - lake living at its finest!
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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 |
|---|---|---|---|
| Jun 28, 2026 | Price Decreased |
$1,125,000
↓ $25K
(2.2%) | |
| Price Decreased | |||
| Jun 17, 2026 | Listed by Beycome Brokerage Realty LLC | $1,150,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Nov 5, 2025 | Delisted | - | |
| Delisted | |||
| Nov 4, 2025 | In contract | - | |
| In contract | |||
| Jun 21, 2025 | Price Decreased |
$1,150,000
↓ $50K
(4.2%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017