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2516 Hopsack Mills RD
About This Property
Step inside to soaring ceilings, oversized windows, and abundant natural light that fills the spacious main living area. The open floorplan creates seamless flow between the living room, dining area, and kitchen, while rich wood flooring and clean modern finishes add warmth and sophistication throughout.
The spacious primary suite is conveniently located on the main floor, offering privacy and ease of living. Filled with natural light, the retreat-like bedroom features generous proportions and a calming modern aesthetic. Upstairs, two additional bedrooms provide flexible space for family, guests, a home office, or creative studio setup.
Designed for effortless living, this home combines contemporary style with functional spaces in one of South Austin's most convenient locations. Residents of the Gabardine community enjoy a low-maintenance lifestyle with beautifully maintained surroundings and easy access to nearby parks, trails, shopping, and dining. Located just minutes from South Menchaca entertainment districts, local breweries, coffee shops, and major commuter routes, this home offers the perfect balance of peaceful community living and vibrant Austin convenience.
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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 |
|---|---|---|---|
| Sep 26, 2026 | Price Decreased |
$425,000
↓ $24K
(5.4%) | |
| Price Decreased | |||
| Sep 10, 2026 | Price Decreased |
$449,000
↓ $20K
(4.3%) | |
| Price Decreased | |||
| Aug 1, 2026 | Price Decreased |
$469,000
↓ $10K
(2.1%) | |
| Price Decreased | |||
| Jun 27, 2026 | Price Decreased |
$479,000
↓ $10K
(2%) | |
| Price Decreased | |||
| May 31, 2026 | Price Decreased |
$489,000
↓ $10K
(2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017