1607 Gaston Ave
About This Property
The 4 Bedroom, 3.5 Bathroom home has a traditional floorplan with 3 living areas and a downstairs suite with a bedroom, full bath, and kitchenette. Upstairs, are 3 additional bedrooms, one with a traditional ensuite being used as the Primary. The other two are well-lit and spacious. They share a sweet little landing that leads out to the spacious 2nd story deck you see from the front.
The back deck and yard are large and inviting and provide lots of possibilities for the future of this home.
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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 |
|---|---|---|---|
| May 21, 2024 | In contract | - | |
| In contract | |||
| May 1, 2024 | Price Decreased |
$2,250,000
↓ $100K
(4.3%) | |
| Price Decreased | |||
| Apr 17, 2024 | Price Decreased |
$2,350,000
↓ $100K
(4.1%) | |
| Price Decreased | |||
| Apr 3, 2024 | Listed by Gottesman Residential R.E. | $2,450,000 | |
| Listed by Gottesman Residential R.E. | |||
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About Central West Austin
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Listed Office: Gottesman Residential R.E. - Listing courtesy of Unlock MLS
Phone: (512) 451-2422
Last Updated: 2024-06-03 18:06:19
Data Source: Unlock MLS, MLS# ACT1841558
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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