313 Michaelis DR
About This Property
Step inside to discover a modern interior colorway throughout an inviting open-concept floor plan that seamlessly connects the living, dining, and kitchen areas. The home comes equipped with a refrigerator, washer, and dryer included, making move-in effortless. Every detail reflects a fresh, contemporary aesthetic that feels both welcoming and on-trend.
Outside, this property truly shines. The unique elevation color and charming front porch create immediate curb appeal, while the corner positioning means no neighbor behind you. A lush greenbelt sits directly adjacent to the home, offering a serene natural backdrop with a walking trail and creek just steps from your door. This is outdoor living at its finest, providing privacy and tranquility that are rare to find.
The location is nothing short of exceptional. Walk to the Leander Station Park and Ride for convenient metro access, grab groceries at the nearby grocery store, and explore the growing Leander Northline development, all within minutes. This thriving neighborhood puts dining, shopping, and entertainment right at your fingertips.
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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 |
|---|---|---|---|
| May 31, 2026 | In contract | - | |
| In contract | |||
| Mar 23, 2026 | Price Decreased |
$315,000
↓ $14K
(4.3%) | |
| Price Decreased | |||
| Mar 3, 2026 | Listed by eXp Realty, LLC | $329,000 | |
| Listed by eXp Realty, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017