2225 Margalene WAY
About This Property
Spacious open living layout flows to an eat-in kitchen featuring floor-to-ceiling bay windows, perfect for enjoying morning coffee or casual meals bathed in sunlight. No detail is overlooked with tile flooring throughout, offering easy maintenance and a cool respite from the Texas heat.
Entertaining is effortless with a large patio that extends your living space outdoors, ideal for gatherings or simply relaxing in the fresh air. Retreat to the primary bedroom, where a large walk-in closet provides ample storage, enhancing the convenience and comfort of daily life.
Ceiling fans in every room ensure year-round comfort, while the community amenities are unparalleled. Enjoy access to extraordinary Wells Branch walking trails and parks, a staffed recreation center boasting a workout room, gym, basketball courts, soccer fields, a skate park, two pools, and community rooms-perfect for active lifestyles and social gatherings.
Convenience is key with proximity to shopping, major employers, and quick access to Mopac and I-35, making commuting a breeze. Whether you're seeking tranquility or vibrant community life, this home offers the best of both worlds in one of Austin's most desirable neighborhoods.
Don't miss out on the opportunity to make this your new home sweet home in the heart of Austin. Schedule your showing today and experience the lifestyle you've been dreaming of!
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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 |
|---|---|---|---|
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 20, 2024 | Listed by Redfin Corporation | $325,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017