Courtyard homes in the coveted Mueller neighborhood are rare. This
gem is expected to sell quickly. The thoughtfully-designed modern
farmhouse boasts large windows bringing in gorgeous sunlight
throughout the home, open floor plans, an expansive kitchen, two
living areas, three bedrooms, a dedicated office space, two and a
half bathrooms, and a side yard lawn. The park-like courtyard right
outside the front door provides a safe and relaxing place for
children to play, the dog to run, and neighbors to catch up. It is
one of the few home styles in Austin built around that kind of
connection, and they don't come up for sale often. Located in the
heart of Mueller, this modern courtyard home offers easy
walkability to H-E-B, local shops,
restaurants, the weekly Farmers' Market, Mueller Lake Park, Morris
Williams Golf Course, and the Skate Park. A 5-mile greenbelt trail
is steps away and the property is within a five minute walk to
several parks, playgrounds, and the John Gaines swimming pool. The
home is 1.5 miles from The University of Texas and less than a 15
minute drive to downtown Austin. Built in 2022 by Alan Muskin and
designed by award-winning firm Design Hound, the home features
vaulted ceilings, reclaimed white oak flooring, custom flat-panel
cabinets, floating wood shelves, recessed lighting, and an
open-concept layout with a kitchen island and breakfast bar.
Upstairs includes three bedrooms, a second living area, and a
dedicated office space. The owner's suite has a bathroom with dual
showerheads, a frameless glass shower, and a freestanding soaking
tub. Courtyard is maintained by the HOA. Residents also get access
to Mueller's two community pools. Green features include a metal
roof, spray foam insulation, thermally broken windows, efficient
appliances and HVAC, and a tankless water heater.
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.
Interior Features: Breakfast Bar, Ceiling Fan(s), Double Vanity, Kitchen Island, Low Flow Plumbing Fixtures, Open Floorplan, Pantry, Recessed Lighting, Soaking Tub, Walk-In Closet(s), High Speed Internet, Ceiling-High, Ceiling-Vaulted, Quartz Counters, Interior Steps, Multiple Living Areas
Appliances: Disposal, Electric Cooktop, Electric Range, Microwave, Electric Oven, Refrigerator, Self Cleaning Oven, Vented Exhaust Fan, Washer/Dryer, Water Heater, Tankless Water Heater
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