Welcome to 1002 Madison Circle! This 3 Bedroom, 2 Bath home is
perfectly situated at the end of a quiet cul-de-sac in Marble
Falls, TX. As a single story residence - it allows for easy
living! This hidden gem offers an expansive, fully landscaped half
acre yard with a privacy fence and a circle driveway! The front and
back yards are a true oasis with a charming stone patio and a vine
covered pergola, creating an idea setting for relaxation and
outdoor enjoyment. The thoughtfully designed open floor plan
seamlessly connects the living spaces, highlighted by a majestic
Austin Stone wood burning fireplace, dual dining areas, high
ceilings and lots of light. The heart of the home is
undoubtedly the custom designed kitchen that was thoughtfully
planned for culinary enthusiasts. It features beautiful
cabinetry, a large island, gorgeous granite countertops, a walk-in
pantry and a practical pot filler at the stove! Hard tile
flooring graces all of the main living areas and 2 of the bedrooms,
while the primary bedroom offers plush carpeting ensuring low
maintenance comfort and style. The primary bath provides a
spa-like experience with its convenient walk-in tub and separate
shower. Beyond the elegant interiors and the attached double car
garage, the property features a substantial storage building and an
over sized lot specifically designed to park and store your RV or
boat, complete with a double gate and a durable granite gravel rock
pad. Conveniently located in the quiet Loma Vista
Neighborhood, residents enjoy an exclusive, peaceful neighborhood
while being just minutes from vibrant shopping, great restaurants,
and the waterfront delights of Lake Marble Falls and all of the
Texas Hill Country! Zoned to Colt Elementary, this home
perfectly blends luxurious living with practical amenities and an
unbeatable location. Recently installed roofing and solar
panels are an added bonus to the new buyer!
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.
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