5209 Meadow Creek DR
About This Property
Step through the back door and into the screened-in porch and enjoy the serenity of an expansive, private backyard, which is perfectly suited for peaceful relaxation or lively social gatherings. Inside, the home offers a flexible layout with three bedrooms and a converted garage, ideal for use as a home office, playroom, or additional guest rooms, adapting effortlessly to your evolving needs. Enjoy the comfort of a brand new HVAC system installed in 2023.
Located in a sought-after south Austin neighborhood, this home boasts both convenience and accessibility. Enjoy a swift commute to downtown and easy access to the greenbelt. The home is ideally situated within walking or biking distance to the Williamson Creek Nature Trail, local playgrounds, shops, and restaurants.
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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 7, 2024 | In contract | - | |
| In contract | |||
| Apr 12, 2024 | Listed by Wise Property Group, LLC | $515,000 | |
| Listed by Wise Property Group, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017