103 Marina RD
About This Property
The property is situated on a fully fenced corner lot with large oaks in front and approximately 3 acres of pine and oak woods in back, bordered by Little Piney Creek. There is a huge deck in the backyard where you can admire the blooming crepe myrtles and mature fig trees. The front yard has majestic mature oaks and features an outdoor seating area, plus there is an RV pad, storage shed, and detached workshop (or extra garage) on the property.
You will also find fresh paint inside and outside the home, new HVAC (2020), new LVP floors (2022), and the custom metal roof was installed in 2015.
Conveniently located 30 minutes to Austin airport, a short drive or bike ride to Bastrop and Buescher state parks, and close to Bastrop amenities. Don't miss this one!
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Cap Rate Calculator
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 2, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Price Decreased |
$515,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Mar 19, 2024 | Listed by Compass RE Texas, LLC | $525,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017