Opportunity in East Austin for a 2014-built farmhouse-style home on
large lot, minutes from downtown. While newer construction nearby
packs homes close together, this property gives you room to
breathe: a spacious lot, soaring high ceilings, and genuine
separation from your neighbors. Inside, an open-concept layout
connects the kitchen and living room, filled with natural light
throughout. A smart, functional layout w/ 3 bedrooms and 2 baths, a
flooring mix of wood, tile, and carpet to suit every room's
purpose. Indoor laundry room adds everyday convenience with its own
secondary back door. Outdoor living is a highlight, with three
separate points of access to the backyard and no direct back
neighbor: unwind on the main back deck, step out through a smaller
secondary deck off the kitchen, or use either back door for easy
indoor-outdoor flow (pets?). Park with ease under the
porte-cochere–style carport & use the wide dual-car driveway for
extra guest parking. A detached storage room adds bonus flexibility
for tools, hobbies, or overflow storage.
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.
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