1221 Yellow Iris RD
About This Property
Step outside to your own outdoor oasis, where you can sip coffee on the covered back patio, host weekend barbecues, or enjoy quiet evenings under the stars. And guess what? There's enough room for a pool addition-a perfect opportunity to make a splash!
Location is key, and this home strikes the perfect balance between suburban serenity and city conveniences. Commuting is a breeze with easy access to Highway 183 and public transportation, opening the door to nearby shopping, dining, and entertainment options. Your daily journey becomes seamless, allowing you to explore the vibrant offerings of Leander, Cedar Park, and Austin without the hassle.
IF BUYER USES SELLERS PREFERRED LENDER, LENDER WILL PAY FOR THE COST OF A 1/0 TEMP RATE BUY DOWN, MEANING THE BUYERS 1ST 12 MONTHLY PAYMENTS WILL BE CALCULATED AT A 1% LOWER RATE.
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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 |
|---|---|---|---|
| Mar 9, 2024 | In contract | - | |
| In contract | |||
| Feb 8, 2024 | Price Decreased |
$464,999
↓ $1
(0%) | |
| Price Decreased | |||
| Oct 12, 2023 | Listed by Magnolia Realty Round Rock | $465,000 | |
| Listed by Magnolia Realty Round Rock | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017