4904 Alf Ave
About This Property
Welcome to 4904 Alf Ave, a cozy East Austin bungalow with tons of charm and impressive investment potential! This 2-bedroom, 1-bath cottage sits on a spacious lot, with a large backyard that's ripe with possibilities. Currently operating as a high-performing Airbnb, it offers a unique opportunity for immediate income-financials are available for those interested. Just steps away, the vibrant Springdale Green, Springdale General, and Springdale Station create a lively, walkable neighborhood filled with art studios, coffee shops, breweries, and unique local shopping. Plus, this location is a quick uber drive to downtown and hotspots like East 6th St., Rainey Street, South Congress, and West 6th, making it a prime choice for vacation rentals or future development.
For investors, the options are limitless. Keep it as a lucrative short-term rental or build a custom home that capitalizes on the expansive lot and the neighborhood's renowned vibrancy and eclectic appeal. Or even consider adding an accessory dwelling unit (ADU) to maximize income on this valuable property. Whether you're looking to build, invest, or enjoy the lifestyle yourself, this East Austin gem offers unmatched flexibility in a booming area.
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Nov 12, 2024 | In contract | - | |
| In contract | |||
| Nov 6, 2024 | Listed by @ properties Christie's International | $459,000 | |
| Listed by @ properties Christie's International | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017