1002 Payne Ave
About This Property
Step inside to find an airy, open-concept living space with custom architectural details, refinished hardwoods, and premium upgrades throughout. The chef's kitchen anchors the home with a large island, designer lighting, and top-of-the-line appliances including a Fisher & Paykel fridge and Kucht professional-grade range-ready for quiet nights or dinner parties that flow out to the expansive deck.
Outside, enjoy not one but two Douglas fir privacy pergolas, a 7-person hot tub, and a 'cool-touch' Trex deck-a true backyard retreat. The newly installed 8-ft privacy fence and steel front gate add a sense of seclusion and security, ideal for kids and pets alike.
Key recent upgrades include:
Brand new metal standing seam roof (impact-rated for insurance savings)
Full HVAC system replacement (2024)
Foundation work with new piers and beams
Sewer and water main line replacements (2021)
Custom Tuff-Shed, smart landscaping, and mature fig trees
Zoned to Brentwood Elementary, this home is walkable to beloved Austin spots like Little Deli, Violet Crown Coffee, Fresh Plus, and Brentwood Park & Pool. With friendly neighbors, tree-lined streets, and unbeatable access to downtown, MoPac, and I-35-this is the perfect blend of community, style, and location.
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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 |
|---|---|---|---|
| Jul 12, 2025 | In contract | - | |
| In contract | |||
| Jun 5, 2025 | Listed by Compass RE Texas, LLC | $1,100,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017