$570,000
●
House -
Off Market
2903 Allison DR
Austin, TX 78741
4 Beds
2 Baths
1,762 Ft²
$3,675
Est. Monthly
4.47%
Cap Rate
About This Property
Welcome to the hidden gem of East Austin's Sunridge Park! 2903
Allison Drive features three well-sized bedrooms along with a
spacious bonus room that can be utilized as an office or fourth
bedroom. Featuring an open concept floor plan, stained concrete
floors, stainless steel appliances, oversized utility room, and
updated bathrooms. The large primary suite boasts a private
bathroom and walk-in closet – offering plenty of space and privacy.
Outside, you'll find a fully-fenced backyard complete with a
covered porch surrounded by mature trees creating an ideal setting
for outdoor living or entertaining. This property's location offers
unparalleled convenience, with quick access to Downtown Austin and
Lady Bird Lake, you will never be far from all the city has to
offer. For those needing to travel further, Austin International
Airport is conveniently located only 10 minutes away. With
major development plans in place, this represents not just a home
but an investment opportunity in one of Austin's booming
neighborhoods. Experience peace and privacy while still being
in the heart of it all at 2903 Allison Drive.
Unit Size
1,762 Ft²
Days on Market
-
Land Size
0.19 acres
Price per sqft
$324
Property Type
House
Property Taxes
$876
HOA Dues
-
Year Built
1993
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Unlock MLS #ACT2994060)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Apr 29, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Apr 3, 2024 | Price Decreased |
$570,000
↓ $5K
(0.9%) | |
| Price Decreased | |||
| Mar 19, 2024 | Listed by DEN Property Group | $575,000 | |
| Listed by DEN Property Group | |||
Property Highlights
Garage
Air Conditioning
Fireplace
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Comparables
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ft²
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HOA + Taxes
About East Riverside-Oltorf
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Listed by: Megan Colwart
Listed Office: DEN Property Group - Listing courtesy of Unlock MLS
Phone: (512) 222-3364
Last Updated: 2024-04-29 18:18:46
Data Source: Unlock MLS, MLS# ACT2994060
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: DEN Property Group - Listing courtesy of Unlock MLS
Phone: (512) 222-3364
Last Updated: 2024-04-29 18:18:46
Data Source: Unlock MLS, MLS# ACT2994060
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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