9 durango
About This Property
The proximity to several wineries, including the renowned William Chris, as well as being just a short drive from Austin, San Antonio, and Fredericksburg, offers a perfect blend of rural tranquility and accessibility to amenities and entertainment.
For those interested in wildlife and nature, the wildlife exemption and gated area provide peace of mind and a sense of exclusivity. Plus, the convenience of being only five minutes from Johnson City and a mere 10 minutes from a grocery store ensures both convenience and seclusion.
Overall, this property is an exceptional opportunity for anyone looking to embrace the beauty of the Texas Hill Country. If interested, scheduling a tour would be a fantastic next step to fully appreciate all that this property has to offer.
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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| Jun 12, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Mar 4, 2024 | Listed by Kuper Sotheby's Int'l Realty | $650,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
| Jan 17, 2023 | No longer available | - | |
| No longer available | |||
| May 14, 2022 | Listed by Kuper Sotheby's Int'l Realty | $795,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Stunning views of the Pedernales Valley and Pedernales River. Rare 25 acre lot in a gated subdivision. 20 minutes to over 50 wineries. 5 minutes to Johnson City. 10 minutes to Hye. 25 minutes to Fredericksburg. 50 minutes to Austin. A must see. Short term rentals and manufactured homes not allowed.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017