5015 Heflin LN
About This Property
The home has recently installed central HVAC and new attic insulation. The front yard is xeriscaped with native plants and drip irrigation for low-maintenance, and the backyard is beautifully landscaped with St Augustine grass and a sprinkler system. The backyard has a custom-built covered deck/stage space ideal for hosting outdoor concerts and events. Insulated 160 sq ft shipping container shed has power and lighting, and is ready to be converted to a studio space or additional rental unit. An 8 ft stock tank pool provides the opportunity to cool off in a shaded corner of the yard. Large gravel driveway extends to backyard with RV electric hookup, creating opportunity for additional rental income.
The property is easily accessible to Mueller, and conveniently located near 183 for easy access to other parts of town. Protected bike lanes on Springdale Rd and Webberville Rd offer connections to the rest of the city
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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 |
|---|---|---|---|
| Oct 5, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Sep 26, 2024 | Price Decreased |
$399,000
↓ $20K
(4.8%) | |
| Price Decreased | |||
| Sep 13, 2024 | Listed by Open House Austin Group LLC | $419,000 | |
| Listed by Open House Austin Group LLC | |||
| Jul 10, 2021 | No longer available | - | |
| No longer available | |||
| Apr 10, 2021 | Listed by Keller Williams - Austin NW | $300,000 | |
| Listed by Keller Williams - Austin NW | |||
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Multiple Offers Received - Deadline to submit is April 13 @ 5 PM ~ Location! Location! Location! Cozy Little House in the Heart of East Austin ~ Lot has space to expand ~ Very Close to Downtown The manager has listed the unit size as 720 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017