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1433 Salem Meadow CIR
About This Property
The kitchen is a standout feature, offering a seamless flow into the living space and a large picture window overlooking the backyard-perfect for enjoying peaceful views while cooking or entertaining. The primary suite boasts a beautifully designed bathroom with a spacious walk-in shower, delivering a spa-like experience at home.
Situated on an oversized lot with mature trees-including a pecan tree in the backyard-the outdoor space provides a private retreat ideal for relaxing or hosting gatherings. A detached office or flex space, complete with electricity and a mini-split HVAC system, offers excellent versatility for remote work, hobbies, or guest use.
Conveniently located between Menchaca and South 1st Street, this home offers easy access to I-35 and MoPac, as well as nearby shopping, dining, and the vibrant Menchaca Entertainment District. Enjoy close proximity to H-E-B, Whole Foods, and Costco, all while being just 5 miles from Downtown Austin and 10 miles from Austin-Bergstrom International Airport.
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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 |
|---|---|---|---|
| May 15, 2026 | In contract | - | |
| In contract | |||
| Apr 30, 2026 | Listed by Spyglass Realty | $524,900 | |
| Listed by Spyglass Realty | |||
| Nov 18, 2025 | In contract | - | |
| In contract | |||
| Nov 13, 2025 | Relisted | $339,000 | |
| Relisted | |||
| Nov 7, 2025 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017