The thoughtfully designed Lyric floorplan offers 2,013 square feet
with 4 bedrooms and 2.5 baths, providing a spacious and functional
layout designed to accommodate both everyday living and
entertaining. The open-concept main level features a spacious
living, dining, and kitchen, creating a seamless flow between each
space. The kitchen includes quartz countertops, a custom tile
backsplash, a large center island with bar seating, and abundant
cabinetry, providing ample workspace and storage while serving as
the centerpiece of the main living area. Upstairs, all four
bedrooms are conveniently located near the utility room, while the
private primary suite features a large walk-in closet, dual
vanities, and a spacious walk-in shower. A covered front porch and
rear patio extend the living space outdoors, while the fully
landscaped, irrigated, and fenced backyard provides a private
setting for relaxing, entertaining, or enjoying the outdoors.
Energy-efficient features include radiant barrier roof decking,
R-15 wall insulation, R-49 attic insulation, high-efficiency HVAC,
and a tankless water heater, offering added efficiency and comfort
throughout the home. Located minutes from The Domain, Q2 Stadium,
The Arboretum, major employers, medical centers, and the North
Austin tech corridor, this home also provides convenient access to
MoPac, US 183, SH 45, Parmer Lane, and I-35 for an easy commute
throughout the greater Austin area.
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), Double Vanity, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), Wired for Data, Ceiling-High
Appliances: Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Gas Range, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater
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