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Map
1704 Cherry Orchard Drive
About This Property
This 3-bedroom, 1-bath home offers a functional layout with abundant natural light and a spacious yard, perfect for outdoor living, gardening, or future expansion. Situated on a generously sized lot, the property provides flexibility for buyers looking to customize or add value over time.
Conveniently located just minutes from downtown Austin, major highways, shopping, and dining, this home combines location, accessibility, and long-term potential.
Whether you're a first-time homebuyer looking for an entry point into the Austin market or someone seeking a property with room to grow, this home delivers outstanding value in a rapidly appreciating area.
Don't miss this opportunity to secure a well-located property with endless possibilities.
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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 29, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Apr 28, 2026 | Withdrawn | - | |
| Withdrawn | |||
| Apr 28, 2026 | Listed by Houston Elite Properties LLC | $309,990 | |
| Listed by Houston Elite Properties LLC | |||
| Mar 3, 2026 | Relisted | $329,900 | |
| Relisted | |||
| Feb 26, 2026 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017