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4509 Magin Meadow DR
About This Property
Stay comfortable in any season with reliable central heating and cooling, while the exterior provides a wonderful space to relax and unwind outside. The property also features a durable composition roof and partial masonry construction, alongside an attached one-car garage that provides secure parking and additional storage space. Zoned for the Austin Independent School District, this home feeds into Langford Elementary, Mendez Middle School, and Akins High School. With an incredibly convenient location offering easy access to I-35 and William Cannon Drive, your daily commute will be a breeze. Currently vacant and easy to show, this move-in-ready gem is waiting for its new owners.
All values are approximate and to be verified.
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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 |
|---|---|---|---|
| Aug 8, 2026 | In contract | - | |
| In contract | |||
| Jul 29, 2026 | Price Decreased |
$224,999
↓ $15K
(6.1%) | |
| Price Decreased | |||
| Jun 2, 2026 | Listed by Keller Williams Realty | $239,500 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017