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1603 Michael Robert WAY
About This Property
Crown molding throughout. Large Primary bedroom with huge walk in closet. Flexible oversized living area upstairs with brand new carpet and great storage; perfect for office, media, playroom or combination of all. Seller has extra carpet that could be used to carpet the stairs. New AC installed Jan 2023 and 4-year-old roof. 2 car garage is insulated with extensive workspace and storage area. Enjoy the serene, oversized lot with beautiful oak trees, covered outdoor living with mounted tv, extended patio with exterior lighting, meticulous landscaping, and elevated barbecue grill area. New Leaf Guard gutters, professional landscaping, drip irrigation and storage shed add more value to the exterior. This perfect location in LISD school district is under 2 miles to Westside Elementary, CP Middle and High Schools, and offers several private and charter school options. Enjoy 3 HOA private pools (one with splashpad), and walking distance to Milburn Park with mile granite path, BMX track, climbing wall, pool, sand volleyball courts, and BBQ grills. 2.7 Miles to the new Bell District in Cedar Park, with new library, and extensive Farmer's Market.
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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%.
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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 |
|---|---|---|---|
| Jan 11, 2025 | Listed by Blackburn Properties | $679,900 | |
| Listed by Blackburn Properties | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017