2505 N Shields DR
About This Property
As you enter, you're greeted by an open floor plan that effortlessly connects the living, dining, and kitchen areas. The living room features a stone fireplace, exposed beams on the vaulted ceiling, and ample windows viewing the expansive backyard and deck.
Outside, the backyard beckons for outdoor gatherings and relaxation, promising a private retreat for unwinding or entertaining. At nearly one-third of an acre, there is ample room to add a pool, ADU, workshop, shed, or just enjoy the lush and open grounds!
Situated in a prime location, this home is just moments from an array of dining, shopping, and entertainment options. Enjoy the convenience of nearby amenities such as the vibrant shops and restaurants at The Domain, the outdoor activities at Walnut Creek Metropolitan Park, and the entertainment at the nearby Alamo Drafthouse Cinema. With easy access to major transportation routes, commuting is a breeze.
2505 N Shields is located in Austin Independent School District, and just a 6 minute drive to the elementary school and less than 15 minutes to the middle and high school.
Don't miss out on the opportunity to call this gem your own. Schedule a showing today and experience the allure of 2505 North Shields Drive firsthand!
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Cap Rate Calculator
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 15, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Price Decreased |
$495,000
↓ $5K
(1%) | |
| Price Decreased | |||
| May 24, 2024 | Listed by Compass RE Texas, LLC | $500,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017