Truly unique and rare find in Allandale: quiet street (no
traffic/train noise), single level, storybook home (1277 SF), PLUS
adorable detached GUEST HOUSE (762 SF) and a yard! Nothing cookie
cutter about this one. Has the vintage character you've been
craving with thoughtful updates: welcoming covered, deep concrete
front porch, custom door, 9 FT ceilings, excellent floor plan,
screened back porch & both structures have tankless water heaters.
Single car, fully enclosed garage with large, decked attic space
accessed from garage perfect for storage - you can stand straight
up! Main home is absolutely charming. Enjoy 3 spacious bedrooms and
2 remodeled full bathrooms. Remodeled kitchen anchors the home:
farmhouse sink, window to view the backyard, loads of storage
capacity, ample countertop space and flows effortlessly into the
living and dining spaces. Living room has custom built-ins for your
display/audio/visual needs plus a shelved storage closet. Original
wood floors flow throughout the living, dining and kitchen areas.
The only carpet in both structures is in the Primary Bedroom and
one secondary bedroom - it's NEW. The desirable rear screened porch
is perfect for relaxing/reading/morning coffee/watching the
children and/or family pet play in the backyard. Plenty of outdoor
dining space. Detached, 2-story guest house/studio is the kind of
feature you don't realize you need until you have one. Think of the
countless possibilities: rental property/private home office
(built-in desk)/home gym/yoga/art/music studio/homeschooling or
quiet escape from the main house. It has a kitchenette, full bath
with walk-in shower, W&D combo, walk-in closet, refrigerator
and small appliances - fully equipped! Equidistant from Burnet Rd
and MoPac. Everything is easily accessible. Only a short walk/bike
ride to Northwest Park and Pool never crossing a busy road. A rare
combination of excellent location, charm, meaningful updates and
versatility that's increasingly difficult to find.
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.
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