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2404 INDEPENDENCE DR
About This Property
The interior features high ceilings and wood flooring in the main living areas. The living room is positioned near the center of the home, with the office and bedrooms arranged around the main living spaces.
The kitchen includes stainless steel appliances, a breakfast bar, cabinetry, and additional storage space.
The primary bedroom includes an en suite bathroom with a garden tub, separate shower, and walk in closet.
The fenced backyard is located along the outer perimeter of the neighborhood. A new fence was installed April 2026.
Independence Park has entrances from Manchaca Road and West Gate Boulevard, with access to South Lamar, South Congress, downtown Austin, MoPac, Highway 71, shopping, dining, and other services. Garrison Park and Pool are across the street from the neighborhood and include trails, playgrounds, sports fields, and recreational facilities.
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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 |
|---|---|---|---|
| Aug 18, 2026 | Listed by Listing Results, LLC | $499,900 | |
| Listed by Listing Results, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017