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3909 Austin Avenue
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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 |
|---|---|---|---|
| Oct 15, 2026 | Listed by The McLeod Company | $500,000 | |
| Listed by The McLeod Company | |||
| Sep 16, 2026 | No longer available | - | |
| No longer available | |||
| Jul 28, 2026 | Price Increased |
$500,000
↑ $25K
(5.3%) | |
| Price Increased | |||
| Jun 8, 2026 | Price Increased |
$475,000
↑ $50K
(11.8%) | |
| Price Increased | |||
| Feb 22, 2025 | Listed by The McLeod Company | $425,000 | |
| Listed by The McLeod Company | |||
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This picture perfect urban oasis located in the heart of Waco's famed historical neighborhood might just be THE perfect home AS-IS, but most definitely when you collaborate with Waco design firm, The McLeod Company, to comprehensively remodel the home! ~~~ Construction is under way, but there's still time to customize most selections and fixtures! So far, we've installed new windows, all-new Hardie siding, paint, a concrete patio, and completed rough-in! ~~~ Acclaimed for its central location (just 5 minutes to downtown, Lake Waco, Woodway, and Cameron Park and just a few minutes more to Baylor University, MCC, IH-35, Waco Regional Airport, and even TSTC; the Castle Heights area is coveted for its walkable streets, exceptional proximity that ALL Waco has to offer, and charming, characterful, historical homes. ~~~ This home, with a rare, two-car attached garage, dual living areas, peaceful backyard, and light filled interior might look like a million bucks, but it's downright affordable, even in Waco's perpetually strong real estate market! ~~~ Boasting an immensely livable, three-bedroom, two-bathroom 1,891 square foot floorplan, the oversized, picture frame windows, attractive faux fireplace, and handsome, original wood floors all enhance a space which wonderfully strikes a balance between cozy old world and modern eclectic. Some home's just feel right. That feeling of warmth and tranquility is the vibe here. ~~~ While numerous updates have been completed, we're now focused on custom cabinetry, full slab granite, KitchenAid appliances, luxurious bath finishes, and construction of the outdoor space of your dreams! ALL of this can be done with your input and your selections working hand in hand noted design firm The McLeod Company. Just call to find out how! ~~~ Comprehensive, high-end remodels are super rare. Finding one in such a coveted neighborhood is all but impossible. Call TODAY!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017