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5409 Salem Hill DR
About This Property
Discover the spaciousness of this charming single-story residence nestled in the sought-after South Austin enclave of Salem Walk. Boasting two primary suites, this home is ideal for multigenerational living with its well-designed mother-in-law plan providing separate living spaces. Featuring four bedrooms and three full baths, the layout is both spacious and functional, catering to various lifestyle needs.
The home is filled with character and charm, including high, beamed ceilings in the main living space, and engineered oak floors. An additional highlight is the versatile living space currently utilized as a substantial office, offering flexibility for dining or additional leisure areas. Outside, a sizable fenced yard awaits, perfect for pets to roam freely, entertaining, and more. One of the primary bedrooms enjoys the luxury of a quaint private fenced yard with its own entrance, enhancing privacy and expanding outdoor possibilities. This primary suite is also an excellent STR opportunity! Other bonus features include solar panels (paid for and installed in June 2021), HVAC replaced in August 2013, and new windows in August 2018.
With its thoughtful design and abundant potential, this residence presents a unique opportunity to embrace comfortable living in one of Austin's most desirable neighborhoods.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Sep 27, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Price Decreased |
$450,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Aug 16, 2024 | Relisted | $500,000 | |
| Relisted | |||
| Aug 13, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Listed by Compass RE Texas, LLC | $500,000 | |
| Listed by Compass RE Texas, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017