5101 Balcones DR
About This Property
5101 Balcones Drive combines historic character with a functional floor plan. Enjoy a large kitchen with island seating, a light-filled living area, and an extra dining space. The primary suite showcases vaulted wood ceilings and an en-suite bathroom. Unwind on the brand-new front porch, the perfect spot to sip your morning coffee or an evening glass of wine overlooking the comings and goings of this special part of Austin. A huge side yard is full of possibilities. The property is situated on a large corner lot, just under 1/4 of an acre and also offers great redevelopment potential. It is zoned SF-3, allowing for possible Duplex development. Over $90K invested in recent updates and improvements!
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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 |
|---|---|---|---|
| May 11, 2024 | In contract | - | |
| In contract | |||
| May 9, 2024 | Price Decreased |
$635,000
↓ $15K
(2.3%) | |
| Price Decreased | |||
| Apr 18, 2024 | Price Decreased |
$649,999
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Apr 4, 2024 | Price Decreased |
$675,000
↓ $24K
(3.4%) | |
| Price Decreased | |||
| Mar 14, 2024 | Listed by Compass RE Texas, LLC | $699,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017