11036 Short Springs Dr
About This Property
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 13, 2025 | Price Decreased |
$339,000
↓ $6K
(1.7%) | |
| Price Decreased | |||
| Aug 17, 2025 | Price Decreased |
$345,000
↓ $20K
(5.5%) | |
| Price Decreased | |||
| Jun 23, 2025 | Listed by Spyglass Realty | $365,000 | |
| Listed by Spyglass Realty | |||
| |||
|
This stunning 5-bedroom, 3-bath home now comes with an EXCLUSIVE JVM Lending offer - they're covering a $6,430 rate buydown giving buyers 4.99% rate in Year 1 and 5.99% in Year 2! Your payment could be LESS than rent!
PAYMENT EXAMPLE: Only $2,320/month total (including taxes/insurance) in Year 1! Compare that to $2,400+ for a 3-bedroom apartment!
INCREDIBLE VALUE! Spacious 5-bedroom, 3-bath home perfect for growing or multigenerational living! Recently reduced by $20,000 — seller is ready to make a deal! This move-in-ready gem features an open-concept layout, a modern kitchen with quartz counters and stainless steel appliances, plus versatile spaces that include a potential home office. The primary suite upstairs provides a private retreat with a luxurious bath. Three additional bedrooms are upstairs, along with a flexible 5th bedroom/office on the main level. Just 15 minutes to the Domain/Apple campus! Qualifies for up to $40,000 in down payment assistance through the City of Austin program, plus the TSAHC Heroes program for teachers/first responders. Your dream home is finally affordable!
FINANCIAL ADVANTAGES:
Lender-paid 2-1 buydown ($6,430 value) - NO COST to buyer
Qualifies for up to $40,000 City of Austin down payment assistance
JVM's Free-Refi program - refinance free when rates drop
| |||
| Jun 13, 2024 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017