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1316 Neans DR
About This Property
The redesigned interior features an open-concept living area created by removing interior walls to enhance flow and functionality. Vaulted ceilings span living and kitchen spaces, adding volume and an airy feel, while abundant windows fill the home with natural light. The kitchen is anchored by an expansive waterfall-edge island that serves as a striking dining and gathering space, ideal for entertaining or everyday living. An additional 150 square feet added by enclosing former garage storage to create a spacious butler's pantry and laundry area with extensive storage.
The bathrooms feature designer tile, updated lighting, and curated finishes that elevate the home with a custom, modern aesthetic.
Major improvements include HVAC and ductwork, plumbing, electrical, insulation, flooring, appliances, and fixtures. An 8-foot picture window enhances the front elevation, complemented by a new front door and refreshed finishes throughout. A backyard irrigation system adds convenience and efficiency.
Designed for enjoyment, the backyard offers a massive screened-in porch, large fenced yard, cowboy pool, and multiple sitting areas - perfect for relaxing and entertaining year-round.
Just minutes away, The Domain spans over 300 acres of office, retail, dining, and entertainment and continues to expand as Austin's "second downtown." Major employers like Apple, Meta, Amazon, IBM, and Indeed anchor the corridor, with Q2 Stadium nearby. Downtown, major highways, and the airport are easily accessible.
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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 |
|---|---|---|---|
| Mar 12, 2026 | In contract | - | |
| In contract | |||
| Mar 2, 2026 | Listed by Compass RE Texas, LLC | $625,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017