This home is scheduled to complete Summer of 2026! This home
qualifies for a $10,000 grant towards down payment for qualified
buyers. Contact onsite agent for details. A new master-planned
community located in the growing Manor area, just minutes from
Austin. Designed for connection, convenience, and everyday comfort,
this community offers easy access to US-290 and SH-130, making
commutes to Tesla Giga Texas, Samsung, and Austin-Bergstrom
International Airport both efficient and convenient. Saddle Ridge
delivers the ideal balance of staying close to Austin's energy
while enjoying open skies, green space, and a welcoming
neighborhood atmosphere. Residents enjoy a completed amenity center
featuring a clubhouse with kitchen and business center, fitness
center, community pool with lounging and picnic areas, high-speed
internet, and an extensive network of walking, biking, and jogging
trails. Nearby shopping, dining, and outdoor recreation, including
Walter E. Long Metropolitan Park, further enhance the lifestyle
offered in this thoughtfully planned community.
Positioned on a quiet cul-de-sac homesite backing to open prairie
land, this Tenor plan offers a functional and well-designed layout
suited for modern living. The main level features the kitchen,
dining area, family room, and utility room, creating an open and
connected space ideal for everyday life and entertaining. The
kitchen is centered around a spacious island and includes granite
countertops, stainless steel appliances, and ample cabinetry. All
three bedrooms are located upstairs along with a generous game
room, providing privacy and flexibility for a variety of living
needs. The home includes 2.5 bathrooms, a covered back patio,
wrought iron fencing, and quality finishes throughout, along with
energy-efficient construction and builder standard features
designed for comfort and durability.
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, Entrance Foyer, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), High Speed Internet, Ceiling-High, Multiple Living Areas
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Free-Standing Gas Range, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater
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