901 Wild Basin Ledge
About This Property
The existing residence, a well-maintained recently updated 5-bedroom/4-bath home, rests under a canopy of trees on one of the two home sites. The main floor exudes warmth with its incorporation of natural elements reflective of the setting and features expansive windows that showcase the surrounding hills and verdant trees. This same stunning scenery graces the open kitchen and dining areas, creating a terrarium-like living experience. This property celebrates the rich history of its stewardship, as only two families in over 60 years have called El Rincon home. The grounds have been lovingly cultivated to promote native species. The surrounding Wild Basin Wilderness Preserve is a sanctuary for native Texas Hill Country habitat where you can explore miles of scenic trails and partake in bird watching. This property is a true refuge offering an exclusive and harmonious lifestyle.
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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 20, 2024 | In contract | - | |
| In contract | |||
| Jun 12, 2024 | Price Decreased |
$4,450,000
↓ $350K
(7.3%) | |
| Price Decreased | |||
| May 3, 2024 | Price Decreased |
$4,800,000
↓ $650K
(11.9%) | |
| Price Decreased | |||
| Mar 8, 2024 | Listed by Moreland Properties | $5,450,000 | |
| Listed by Moreland Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017