31
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304 Clearsky CIR
About This Property
That something, in this case, is already there. A 40-foot shipping container sits at the back of the property. Right now it's a blank slate. But the bones are there for a proper studio, a workshop, a gym, or just amazing storage; the kind of flexibility that's hard to find at this price point in South Austin.
The house itself is 4 bedrooms, 2.5 baths. The owners recently replaced the upstairs bedroom flooring, refreshed the lighting, and painted inside and out, along with prior updates like new windows (2022), and an upgraded electrical panel and sub-panel in recent years. What you're getting is a well-maintained mid-century South Austin house that doesn't need work before you move in. Granite countertops, stainless appliances, ceiling fans in every bedroom.
You're a short drive to South Congress, South Lamar, and South Park Meadows, with downtown about 20 minutes north. Four bedrooms, a backyard as large as your imagination, and a South Austin address - that combination doesn't come around often.
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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 |
|---|---|---|---|
| Jun 16, 2026 | In contract | - | |
| In contract | |||
| May 22, 2026 | Listed by Douglas Elliman Real Estate | $495,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017