1007 Payne Ave
About This Property
Inside, the open-concept floor plan centers around a spacious living area with a fireplace and a beautifully designed kitchen featuring an oversized island, abundant cabinetry, and generous prep space-ideal for entertaining or everyday living. Natural light fills the home, highlighting the warm wood floors and clean, timeless finishes throughout. Upstairs, the loft provides a unique bonus space that's perfect for a reading nook, hobby area, or additional storage.
Out back, the private yard is built for summer, featuring a plunge pool with slide, spacious deck, and room to relax or entertain.
Beyond the front door, you're minutes from Brentwood Neighborhood Park, the Shoal Creek Trail, Central Market, Tiny Grocer, Fonda San Miguel, Epicerie, Barley Swine, Pinthouse Pizza, and the restaurants, coffee shops, boutiques, and design studios that have made Burnet Road one of Austin's favorite destinations. Downtown, The University of Texas, The Domain, and Austin's major employers are all within easy reach.
The attached garage offers excellent flexibility as a workshop, home gym, motorcycle or bicycle storage, or additional storage, while the private driveway provides valuable off-street parking.
A rare opportunity to own a fully renovated Brentwood home that blends classic Austin character with modern design in one of the city's most sought-after neighborhoods.
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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 |
|---|---|---|---|
| Sep 13, 2026 | In contract | - | |
| In contract | |||
| Aug 9, 2026 | Price Decreased |
$950,000
↓ $46K
(4.6%) | |
| Price Decreased | |||
| Jul 25, 2026 | Relisted | $995,500 | |
| Relisted | |||
| Jul 20, 2026 | In contract | - | |
| In contract | |||
| Jul 6, 2026 | Listed by DEN Property Group | $1,000,000 | |
| Listed by DEN Property Group | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017