2905 Rae Dell Ave
About This Property
down the premier tree-lined street, and you'll immediately feel the tranquility and charm that this neighborhood exudes. Perfectly situated, this home offers the ideal balance of serenity and convenience, being just a stone's throw away from vibrant commercial hubs while still maintaining its peaceful ambiance. The greenbelt trails are a block away, Barton Springs Pool and Zilker Park a five-minute drive. Neighborhood children can walk or ride bikes to Barton Hills Elementary. Step inside and envision endless possibilities to make this mid-century gem your own. With over 40 years of loving care from current owners, this home is move-in ready-and brimming with potential. From remodeling opportunities to adding personal touches, the canvas is yours to create the perfect sanctuary. A host of practical upgrades enhance the home's comfort and energy efficiency: several new Andersen windows, new HVAC, two mini-splits, energy blackout shades, a tankless hot water heater, and replumbed copper piping. The electrical service has been upgraded to city code, offering peace of mind for years to come. Hardwood and original tile flooring complement the timeless charm of this home. Outside, a terraced garden, flagstone patio, and irrigation system add to the allure of outdoor living. The back yard features a 12 X 20-foot workshop. Don't miss the chance to make this Barton Hills beauty your own slice of Austin paradise!
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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 |
|---|---|---|---|
| Apr 5, 2024 | In contract | - | |
| In contract | |||
| Mar 29, 2024 | Price Decreased |
$1,085,000
↓ $165K
(13.2%) | |
| Price Decreased | |||
| Mar 14, 2024 | Listed by Horizon Realty | $1,250,000 | |
| Listed by Horizon Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017