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8816 Milton Lease DR
About This Property
One of the standout features is the modern stucco exterior, a rare upgrade in the area that sets this home apart from the rest. Inside, the home is in fantastic condition and has been well maintained by the owner. The kitchen is a true highlight, offering an abundance of counter space, quartz countertops, stainless steel appliances, and a layout that works well for both daily living and entertaining.
This well located 3 bedroom, 2.5 bathroom home features an open main level filled with natural light and a flexible upstairs living area that can serve as a second living space, office, or playroom.
All bedrooms are located upstairs, including a spacious primary suite with a walk in closet, dual vanities, soaking tub, and separate shower. The private backyard is fully fenced and provides space for outdoor entertaining or quiet evenings at home.
Recent updates include a roof replaced in 2022, along with updated appliances and ceiling fans installed the same year.
Conveniently located near neighborhood amenities, specifically a community pool and a playground, as well as parks, Southpark Meadows shopping, major highways, the airport, and downtown Austin. Ideally positioned near Onion Creek Metropolitan Park and its expansive trail system, and just minutes from McKinney Falls State Park.
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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 |
|---|---|---|---|
| Oct 10, 2026 | Relisted | $312,000 | |
| Relisted | |||
| Oct 1, 2026 | No longer available | - | |
| No longer available | |||
| Aug 23, 2026 | Price Decreased |
$312,000
↓ $3K
(1%) | |
| Price Decreased | |||
| Jul 25, 2026 | Price Decreased |
$315,000
↓ $2K
(0.6%) | |
| Price Decreased | |||
| Jul 18, 2026 | Price Decreased |
$317,000
↓ $2K
(0.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017