1425 Coriander DR
About This Property
Or in a conventional loan, this property qualifies for ZERO-Down, 100% Financing with NO-PMI, no income limit!
Welcome to 1425 Coriander Dr, an extraordinary retreat nestled in Riverside, where charm, character, and a vibrant community converge. This exceptional property captures the essence of Austin's unique lifestyle, offering a living experience that combines elegance, and a touch of bohemian flair.
The pure white and tricorn black paint on this home makes it stand out in the neighborhood, and HUGE the back patio with a HOT TUB, hammock, and fire pit is a dream for an owner/entertainer!
The interior showcases a perfect harmony of vintage elements and modern upgrades, resulting in a truly captivating space. The living room, with an abundance of natural light, exudes a warm and inviting atmosphere.
The gourmet kitchen is a masterpiece, thoughtfully designed to inspire culinary creativity. From the cabinetry and appliances, to the tile backsplash and farmhouse sink, every detail has been meticulously chosen. The adjacent dining area creates an intimate setting for memorable meals and entertaining guests.
The home boasts four bedrooms. The primary suite is a tranquil sanctuary, featuring a window overlooking the backyard oasis, a walk-in closet with custom, and an ensuite bathroom adorned with a tub, shower, and double vanity. The additional bedrooms are equally delightful, offering ample space, natural light, and ceiling fans.
Situated in an exclusive pocket of Austin, this home offers the best of both worlds - neighborhood, and proximity to Downtown Austin. Explore the nearby local shops, eclectic boutiques, and trendy cafes that define the neighborhood's unique character. Take a short drive down Riverside to Downtown or up 71/183 to East Austin. A very easy drive to the airport and to the Tesla Gigafactory as well!
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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 |
|---|---|---|---|
| Feb 6, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Aug 28, 2023 | Listed by All City Real Estate Ltd. Co | $512,900 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017