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1630 Chippeway LN
About This Property
Inside, the home is bright and comfortable, with crisp white walls, and a clean, modern feel. The living area flows into a gorgeous built-in dining space and an beautifully remodeled galley kitchen. Black quartz countertops, Shaker-style cabinetry, subway tile backsplash, floating shelves, and a statement range hood create a polished, functional workspace, with a window over the sink bringing in natural light. The home comes dialed in with a whole-house sound system, with speakers seamlessly integrated throughout.
The layout includes three well-sized bedrooms, offering flexibility for a primary suite, guests, or a home office. The full bath has been thoughtfully updated with a granite-topped vanity, contemporary tub/shower with designer tile, and modern fixtures. There's also a convenient half bath.
Outdoor spaces are dialed in for both ease and enjoyment. The fenced front and back yards provide room to spread out, while the backyard features an updated deck, xeriscaped patio areas, a manageable lawn, and a storage shed. With no rear neighbors and a tree-lined buffer, the space feels private and relaxed.
Location keeps daily life simple - minutes from local favorites, grocery options like HEB, Central Market South, Sprouts, Costco, Whole Foods, and Wheatsville, plus shopping at Sunset Valley, Arbor Trails, and SouthPark Meadows. Downtown Austin is about six miles away via South First, with quick access to I-35 and Mopac. Don't miss this hot opportunity in this highly coveted South Austin community – Schedule a showing today!
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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 |
|---|---|---|---|
| Apr 23, 2026 | In contract | - | |
| In contract | |||
| Mar 17, 2026 | Listed by Compass RE Texas, LLC | $372,500 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017