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Map
8402 Candelaria DR
About This Property
Set on a spacious lot with mature trees and plenty of room to spread out, the property offers a rare chance to update, renovate, or reimagine a home in a well-located neighborhood near Oak Hill. The existing footprint includes multiple living areas and a fireplace, creating a solid foundation for those looking to personalize a space or invest in improvements. ?
Large lots like this are increasingly difficult to find, offering privacy, flexibility, and potential for outdoor living, expansion, or future enhancements. Convenient access to major roadways, shopping, dining, and Southwest Austin amenities makes the location especially appealing.
Whether you're looking for a renovation project, investment opportunity, or a property with room to transform into your ideal home, this one offers plenty of possibilities in a desirable area.
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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 |
|---|---|---|---|
| May 20, 2026 | In contract | - | |
| In contract | |||
| Mar 26, 2026 | Price Decreased |
$470,000
↓ $29K
(5.8%) | |
| Price Decreased | |||
| Mar 5, 2026 | Listed by Spyglass Realty | $499,000 | |
| Listed by Spyglass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017