5318 Downs DR
About This Property
A bright and airy layout, beautiful hardwood floors and an abundance of natural light. The open-concept living area is ideal for both everyday living and hosting loved ones. The well-appointed kitchen features fresh paint, solid surface countertops, subway tile backsplash, stainless steel appliances and ample storage. All appliances convey.
This prime location offers quick access to 183 for an easy commute. Within minutes to downtown Austin, Austin Bergstrom Airport and UT. Walking distance to Norman Sims Elementary School and beloved local hotspots, Palomino Coffee, Sahara Lounge and Southern Heights Brewing.
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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 |
|---|---|---|---|
| Apr 9, 2024 | In contract | - | |
| In contract | |||
| Mar 27, 2024 | Price Decreased |
$430,000
↓ $15K
(3.4%) | |
| Price Decreased | |||
| Mar 1, 2024 | Price Decreased |
$445,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Feb 9, 2024 | Listed by Sky Realty | $455,000 | |
| Listed by Sky Realty | |||
Property Highlights
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About East MLK
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$3,250 /mo
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$2,995 /mo
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017