1800 Ralph Cox RD
About This Property
Amazing opportunity in the hot, booming South Austin district while being tucked away in the serene, established neighborhood of Rancho Alto. This cozy 2 story home features an open layout on the main level while hosting all bedrooms upstairs. The eat-in kitchen overlooks the family room so you can enjoy gathering around for a meal and great conversation without missing a beat! The breakfast bar allows for extra seating or even an impromptu work or homework station! Picture windows allow for open views to the spacious, handcrafted covered patio with built in sliding screens to help protect against the elements! The primary bedroom is located on the second level and boasts tall ceilings, a flood of natural light, walk-in closet and full bath. Two generous sized secondary bedrooms are located upstairs down a private hallway and share a full bathroom. Storage will never be a worry here! The home smartly utilizes space around the home by providing under the stairs storage, built-in shelving in the garage and a secret roll out shelving system in one of the bedrooms! Conveniently located near South Austin's Menchaca nightlife and Southpark Meadows shopping, entertainment, and restaurants.
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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 |
|---|---|---|---|
| Feb 27, 2024 | In contract | - | |
| In contract | |||
| Feb 22, 2024 | Listed by The Davis Company | $379,900 | |
| Listed by The Davis Company | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017