$474,900
●
House -
Off Market
505 Mairo ST
Austin, TX 78748
3 Beds
2 Baths
1,476 Ft²
$2,879
Est. Monthly
4.29%
Cap Rate
About This Property
Permitted Remodel with an upstairs bonus room and lots of storage!
This home has a comfortable feel with a nice floor plan, a
show-stopping kitchen, a light & bright dining room, and a large
upstairs bonus room! The kitchen comes equipped with tons of custom
cabinetry offering lots of storage & counter space, a center island
breakfast bar w/ storage, a pantry, and a farm sink. The dining
room is situated off the kitchen glowing with natural light,
exposed ceiling beams, bay windows, & additional backyard access.
The home offers great storage space (under-stairs closet, hallway
closet, hallway cabinet storage, and sizeable closets in the
secondary bedrooms). The primary bedroom sits nestled in the back
corner of the home with dual closets and a walk-in shower. The
backyard offers a large covered patio in addition to a gazebo
situated on an extra large slab. The shelving and workbench in the
garage convey. Conveniently located off South 1st Street with easy
access to South Conrgess and South Park Meadows shopping & dining.
Unit Size
1,476 Ft²
Days on Market
-
Land Size
0.15 acres
Price per sqft
$322
Property Type
House
Property Taxes
$547
HOA Dues
-
Year Built
1976
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) 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.
Last updated: 3 years ago (Unlock MLS #ACT4006911)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 22, 2023 | Listed by Networth Realty of Austin | $474,900 | |
| Listed by Networth Realty of Austin | |||
| Dec 27, 2019 | No longer available | - | |
| No longer available | |||
| Oct 17, 2019 | Listed by Keller Williams - Austin SW | $315,000 | |
| Listed by Keller Williams - Austin SW | |||
| | |||
|
Lovely, updated 3 bedroom home in desirable South Austin location. Great layout w/ additional "flex" room downstairs & bonus room up that could be 4th bedroom. No carpet. Nice laminate wood floors & hard tile. Remodeled kitchen & bathrooms including amazing master bath! Roof, HVAC & hot water heater replaced in 2016. Wonderful location across from neighborhood elementary school & just minutes to downtown Austin. Large covered patio plus additional patio perfect for entertaining. Good size yard. Wont last! The manager has listed the unit size as 1476 square feet.
| |||
Property Highlights
Air Conditioning
Fireplace
Garage
Building Info
Data used for valuation calculations is provided by RealtyHop, and other third party sources
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About Beacon Ridge
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Listed by: Liz Hart
Listed Office: Networth Realty of Austin - Listing courtesy of Unlock MLS
Phone: (512) 206-4296
Last Updated: 2024-02-07 03:41:02
Data Source: Unlock MLS, MLS# ACT4006911
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Listed Office: Networth Realty of Austin - Listing courtesy of Unlock MLS
Phone: (512) 206-4296
Last Updated: 2024-02-07 03:41:02
Data Source: Unlock MLS, MLS# ACT4006911
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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