This home qualifies for a $10,000 grant towards down payment for
qualified buyers. Contact onsite agent for details. Located in the
Saddle Ridge at Wildhorse Ranch community, residents enjoy a
neighborhood setting with community parks, playgrounds, picnic
areas, and walking trails while remaining close to the expanding
growth of Manor and East Austin. The location offers excellent
access to Hwy 290, SH 130, and IH 35 with convenient proximity to
Tesla, Samsung, Austin-Bergstrom International Airport, Downtown
Austin, The Domain, and other major employers throughout the Austin
metro area. Nearby shopping, dining, entertainment, and
recreational destinations continue to expand throughout the
corridor, creating an ideal blend of comfort, accessibility, and
everyday convenience.
This Lambert floorplan offers a spacious and functional layout with
3 bedrooms, 2.5 bathrooms, 2 living areas, and an open-concept
design ideal for both daily living and entertaining. Soaring
ceilings and abundant natural light enhance the main living area
while the upstairs gameroom overlooks the dramatic two-story family
room below. The well-appointed kitchen features granite
countertops, stainless steel appliances, gas cooktop, recessed
lighting, bartop seating, generous cabinetry, and seamless flow
into the dining and living areas. An oversized pantry provides
additional under-stair storage space for enhanced functionality and
organization.
Privately positioned on the main level, the primary suite features
high ceilings and a spacious bath with dual vanities, walk-in
shower, linen storage, and oversized walk-in closet. Upstairs
secondary bedrooms offer generous dimensions along with walk-in
closets and additional storage space. Situated on an oversized
homesite, the exterior includes professional landscaping, full
gutters, sprinkler system, and covered patio creating excellent
outdoor living and entertaining space.
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.
Interior Features: Breakfast Bar, Ceiling Fan(s), Granite Counters, Double Vanity, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), High Speed Internet, Ceiling-High, Interior Steps, Multiple Living Areas, Primary Bedroom on Main
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater
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