40
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1111 Spearson LN
About This Property
The private primary suite features a full en-suite bathroom, high ceilings and a dual vanity. A converted garage makes for the large secondary bedroom, playroom or office space. Enjoy a generously sized backyard with plenty of room for outdoor gatherings, gardening, or simply relaxing.
Ideally located in the desirable 78745 zip code, this home offers convenient access to major highways, downtown Austin, shopping, dining, parks, and entertainment. Whether you're a first-time homebuyer, growing family, or investor, this property presents an excellent opportunity to own a home in one of Austin's most sought-after areas.
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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 11, 2026 | Price Decreased |
$550,000
↓ $10K
(1.8%) | |
| Price Decreased | |||
| Aug 13, 2026 | Listed by Keller Williams Realty | $559,998 | |
| Listed by Keller Williams Realty | |||
| Jun 7, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Apr 19, 2025 | Price Decreased |
$599,000
↓ $19K
(3%) | |
| Price Decreased | |||
| Feb 4, 2025 | Price Decreased |
$617,500
↓ $22K
(3.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017