2318 Kristen LN
About This Property
The abundance of natural light throughout the home will captivate any buyer. The main floor is home to a generously sized primary bedroom with a cozy window seating area and a beachy en-suite bathroom, complete with a soaking tub, dual vanities, and a separate shower. Upstairs, 3 more bedrooms, an office, and an expansive game room offer ample space for all. The home also features a large covered back patio with ceiling fans, open to an oversized corner lot. Step outside to discover a private oasis with no direct back neighbors, providing privacy and tranquility. The expansive covered patio offers the perfect setting for outdoor gatherings and al fresco dining, making it a true entertainer's delight. Situated in the Leander Independent School District, with Cedar Park middle and high school just minutes away and an elementary school within the community, this home offers an unbeatable location with easy access to toll roads, shopping, Dell Children's Hospital, and Austin Community College, sprouts, the new Lakeline Park, and numerous popular restaurants. Commuters will appreciate the proximity to major thoroughfares such as Highways 183 and the 45, ensuring seamless travel throughout the Greater Austin area.
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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 |
|---|---|---|---|
| Oct 22, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Price Decreased |
$615,000
↓ $10K
(1.6%) | |
| Price Decreased | |||
| Sep 8, 2024 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Aug 30, 2024 | Listed by Compass RE Texas, LLC | $645,000 | |
| Listed by Compass RE Texas, LLC | |||
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About Lakeline Oaks
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017