Welcome home to Paloma Lake, where thoughtful upgrades, flexible
spaces, & resort-style amenities come together. Stepping inside,
you'll notice soaring 12' ceilings, elegant 8' doors, &
hand-scraped wood flooring flowing throughout the main living
areas. The spacious kitchen features a center island, built-in
stainless steel appliances, 36" five-burner cooktop, farmhouse
sink, 42" cabinetry, & 2 pantries for exceptional storage. The
large formal dining area offers plenty of room for gatherings or
everyday meals. The flexible floor plan includes a private office
with a closet that can easily function as a fourth bedroom, guest
room, or hobby space. Both bathrooms feature dual vanities; the
primary bath includes a generous walk-in closet, & the laundry room
features a convenient refrigerator plug. Washer & dryer convey with
the home, making move-in even easier. The oversized covered patio
features a motorized screen enclosure, creating the perfect outdoor
retreat year-round, while the uncovered patio extension offers
additional space for grilling, gathering, or soaking up the Texas
sunshine. Professional landscaping adds curb appeal and privacy,
while practical upgrades such as a whole-home generator, water
softener, Rachio sprinkler controller, and an extended 2.5-car
garage with additional front storage depth make daily living
effortless. Located less than one minute from Paloma Lake's
resort-style pool complex and access to more than 4.5 miles of
trails, this home also places you just minutes from the lakeside
amenity center featuring catch-and-release fishing, two parks and
playgrounds, splash pad, basketball courts, pickleball, and sand
volleyball. Convenience is everywhere, with four grocery stores,
Stone Hill Town Center, and University Drive shopping and dining
all within about 15 minutes. Medical offices and hospital care are
just four minutes away, and quick access to I-35 and Tolls 130 and
45 makes commuting throughout the Greater Austin area a breeze.
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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