30
Map
1004 Vargas RD
About This Property
Living in 78741 offers a dynamic blend of city life and nature, all within minutes of downtown Austin. Imagine waking up to a morning jog along the Lady Bird Lake Hike and Bike Trail, where scenic views of the water and skyline set the tone for the day. The proximity to Riverside Drive means endless dining options, from local taco spots to eclectic cafes.
Weekends could be spent kayaking on the lake or catching live music at nearby venues like Emo's. Roy G. Guerrero Park is a hidden gem, offering trails, picnic spots, and even a secret beach along the river. The area is also perfect for cyclists, with easy access to Austin's Boardwalk and miles of biking paths.
As the sun sets, head to Buzz Mill, a popular coffeehouse and bar with a laid-back vibe, perfect for unwinding after a long day. The energy of 78741 is a mix of outdoor adventure and urban excitement, with the Austin lifestyle always close at hand. Whether you're drawn to the water, the music, or the green spaces, this neighborhood captures the essence of what makes Austin such a unique place to call home.
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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 |
|---|---|---|---|
| Nov 19, 2024 | In contract | - | |
| In contract | |||
| Oct 24, 2024 | Listed by Compass RE Texas, LLC | $265,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017