Welcome to The Palmer, a stunning three-story home in the highly
sought after Foxfield community, ideally located just minutes from
The Domain and Austin's thriving tech corridor. Outdoor recreation
is just moments away at Walnut Creek Metropolitan Park with miles
of hike and bike trails, green space, and outdoor activities, while
easy access to Mopac and Hwy 183 provides a seamless commute across
Austin. Step inside to an open and inviting design, filled with
natural light and enhanced by soaring 10-foot ceilings. This 2,869
square foot home features 4 bedrooms and 3.5 bathrooms with a
flexible layout designed for both everyday living and entertaining.
The kitchen is a true centerpiece with quartz countertops, sleek
10-foot cabinetry, a large island and seamless flow into the main
living areas. Durable flooring adds warmth and functionality
throughout. The upper-level primary suite offers a private retreat
with a spa inspired bath featuring a rain head shower, dual
vanities, and a spacious walk-in closet. A third-level ensuite
bedroom provides excellent flexibility for guests or
multigenerational living. Step outside to the second story screened
in patio overlooking Walnut Creek Park, creating a peaceful setting
to unwind. Energy efficient features including ENERGY STAR
certification, dual pane windows, smart thermostat, tankless water
heater, and radiant barrier construction provide comfort and long
term savings. With modern design, versatile living spaces and an
unbeatable North Austin location, this home offers exceptional
livability in one of the area's most convenient communities.
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, Ceiling Fan(s), Granite Counters, Double Vanity, In-Law Floorplan, Kitchen Island, Open Floorplan, Pantry, Recessed Lighting, Smart Thermostat, Storage, Walk-In Closet(s), Ceiling-High, Multiple Living Areas
Appliances: Cooktop, Dishwasher, Disposal, ENERGY STAR Qualified Appliances, Exhaust Fan, Gas Cooktop, Microwave, Stainless Steel Appliance(s), Vented Exhaust Fan, Water Heater, Tankless Water Heater
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