Beautifully maintained and ideally situated on a premium corner lot
along a cul-de-sac street, this inviting home is zoned to highly
rated Leander ISD and located within walking distance of the
elementary school. Inside, an open floor plan features expansive
windows and wood-look luxury vinyl plank flooring throughout the
main living areas, and new carpet on three bedrooms. The spacious
living room showcases glass sliding doors that frame serene
backyard views and flow seamlessly into the dining area and
kitchen. Designed for both everyday living and entertaining, the
kitchen offers granite countertops, an island with bar seating,
classic white cabinetry with convenient pullout drawers, a stylish
patterned tile backsplash, stainless steel appliances, and a
pantry. The primary bedroom features a modern barn door leading to
the ensuite bath, complete with a dual vanity, extended
shower, and large walk-in closet. Three additional bedrooms, each
with its own closet, provide flexibility for guests, or a home
office and share a full bathroom. A convenient half bath completes
the interior. Outside, the fenced backyard offers a patio and
distinctive stone wall, creating a wonderful setting to relax or
entertain. Residents also enjoy resort-style amenities, including a
pool and splash pad, fishing pond, Galley Bar, community hub, and a
full calendar of lifestyle events. All of this is set in a prime
location near abundant shopping, dining, and recreation, with easy
access to Highways 183 and 29.
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, Built-in Features, Ceiling Fan(s), Granite Counters, Double Vanity, Entrance Foyer, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Walk-In Closet(s), No Interior Steps, Primary Bedroom on Main
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