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15104 Mimebark WAY
About This Property
The refreshed kitchen adds warmth and functionality with repainted cabinets, custom butcher-block countertops, a gourmet sink, new garbage disposal, and a water filtration system. The refrigerator, washer, and dryer all convey, making move-in even easier. Major updates include a full HVAC and heating system replacement in 2021, an upgraded water heater approximately 2 years ago, a roof approximately 10 years old, freshly painted exterior, added gutters, French drains, new ceiling fans, replaced trim, painted bedrooms, updated bathroom tile, replaced toilets, and removal of all carpet. A low 1.65 tax rate adds even more value.
Step outside to enjoy a large prefabricated covered patio, garden area, and a 10x12 backyard workshop with electricity, A/C, generous storage, and workspace. Whether you need room for hobbies, projects, tools, or flex space, this workshop offers rare versatility.
Located about 1 mile north of the Tesla Gigafactory and approximately 2 miles from a newly planned high school, this home places you near one of East Austin's fastest-growing employment corridors while still offering neighborhood comfort and accessibility. With visible pride of ownership, refreshed finishes, improved drainage, excellent storage, and inviting indoor-outdoor living, this Forest Bluff home stands out in today's Austin real estate market.
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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 |
|---|---|---|---|
| Aug 19, 2026 | Price Decreased |
$246,000
↓ $13K
(5%) | |
| Price Decreased | |||
| Jun 28, 2026 | Price Decreased |
$259,000
↓ $11K
(4.1%) | |
| Price Decreased | |||
| Jun 12, 2026 | Price Decreased |
$270,000
↓ $10K
(3.6%) | |
| Price Decreased | |||
| May 14, 2026 | Listed by Keller Williams Realty | $280,000 | |
| Listed by Keller Williams Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017