255 Mallet CT
About This Property
The chef's kitchen, equipped with a Thermador range, double ovens, grill, ice maker, ultra-quiet dishwasher, and custom cabinetry. A butler's pantry/bar links to the formal dining room, making hosting seamless.
Large primary suite, an attached sitting area, and a lavish bath featuring dual walk-in closets, vanities, an air-jetted tub, and a steam shower. Two ensuite bedrooms and an office/fourth bedroom with courtyard access.
The home includes a three-car garage with custom storage and two EV chargers. Large outdoor veranda overlooking pond and BBQ area.
Modern amenities like a tankless water heater, metal roof, Anderson windows, reverse osmosis, and an updated AC system ensure comfort and efficiency.
Located in the Dripping Springs School District, minutes from Downtown Austin and the airport, this property offers sophisticated living with easy access to urban conveniences.
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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 |
|---|---|---|---|
| May 12, 2024 | In contract | - | |
| In contract | |||
| May 10, 2024 | Listed by Compass RE Texas, LLC | $1,299,000 | |
| Listed by Compass RE Texas, LLC | |||
| Apr 1, 2024 | In contract | - | |
| In contract | |||
| Mar 8, 2024 | Relisted | $1,400,000 | |
| Relisted | |||
| Mar 3, 2024 | In contract | - | |
| In contract | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017