5406 Downs DR #2
About This Property
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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 |
|---|---|---|---|
| Jun 19, 2026 | In contract | - | |
| In contract | |||
| Mar 10, 2026 | Listed by Keller Williams Realty | $440,000 | |
| Listed by Keller Williams Realty | |||
| |||
|
Perfectly positioned in the heart of Austin, this home offers easy access to the city's vibrant core, placing you just minutes from downtown, UT, and Lady Bird Lake. Step inside to discover a sleek, modern space defined by rich wood floors and an open-concept floorplan filled with natural light from abundant windows. The living room opens to a private outdoor living space, creating a seamless connection for indoor-outdoor entertaining. Unique touches, like a private skylight shower, serve to highlight the home's high-end finishes. At the center of it all is a chef-inspired kitchen featuring sleek quartz counters and a large island, perfect for culinary creation and entertaining. The primary suite is a true retreat, featuring soaring vaulted ceilings and an oversized closet with abundant storage. Built by Homebound, this residence also includes smart home automation for added convenience. Currently operating as a successful Airbnb, the property generated approximately $18,900 in rental income over the past 12 months (March 2025–February 2026) and is offered fully turnkey, including all furnishings, access to the current property manager, and the transfer of any future booked reservations. Your vibrant East Austin lifestyle extends just beyond your doorstep, where you can enjoy a picnic at Springdale Neighborhood Park, grab a coffee at Palomino Coffee, soak in the local music scene at the legendary Sahara Lounge, or enjoy a scenic walk or bike ride along the iconic Ann & Roy Butler Hike and Bike Trail. This stunning East Austin property is ready to be called home. Don't miss your chance.
| |||
| Jul 4, 2024 | In contract | - | |
| In contract | |||
| Jun 26, 2024 | Price Decreased |
$450,000
↓ $10K
(2.2%) | |
| Price Decreased | |||
| Jun 13, 2024 | Price Decreased |
$460,000
↓ $5K
(1.1%) | |
| Price Decreased | |||
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
03/10/2026
|
2 Bed
|
1 Bath
|
1021 ft²
|
$440,000
2 Bed
1 Bath
1021 ft²
|
$440,000
03/10/2026
|
Wendy Papasan
Keller Williams - Austin SW
| |
|
01/09/2024
|
4 Bed
|
4 Bath
|
2210 ft²
|
$740,000
4 Bed
4 Bath
2210 ft²
|
$697,000
-5.81%
01/09/2024
|
Ben Caballero
HomesUSA.com
| |
|
12/16/2023
|
2 Bed
|
2 Bath
|
1021 ft²
|
$494,000
2 Bed
2 Bath
1021 ft²
|
$450,000
-8.91%
12/16/2023
|
Ben Caballero
HomesUSA.com
|
Building Info
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017