5509 Cherokee Draw RD
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 |
|---|---|---|---|
| Apr 15, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Listed by Coldwell Banker Realty | $670,000 | |
| Listed by Coldwell Banker Realty | |||
| Mar 26, 2024 | Withdrawn | - | |
| Withdrawn | |||
| Feb 20, 2024 | Price Decreased |
$670,000
↓ $45K
(6.3%) | |
| Price Decreased | |||
| Jan 11, 2024 | Listed by Real | $715,000 | |
| Listed by Real | |||
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Introducing a stunning 5-bed, 4.5-bath home where modern luxury meets timeless design. With the primary bedroom on the main floor and a full guest suite, this residence offers both convenience and elegance. Tall ceilings and recently installed vinyl wood floors exude a bright and airy atmosphere. The kitchen seamlessly connects to a private backyard retreat. Four full baths and one half bath ensure comfort for all. Upstairs, discover generously-sized bedrooms, one of which could make a great playroom or media room. Welcome to a stylish haven designed for modern living.
Explore Sweetwater Living in Lakeway, Texas!
Discover a welcoming community that embraces a blend of modern living and natural beauty. Sweetwater Living offers a range of amenities, quality schools, and convenient access to Lakeway's attractions.
Amenities & Leisure: Indulge in community living with access to pools, fitness centers, sports courts, and green spaces that provide relaxation.
Education Excellence: Benefit from proximity to respected schools within the Lake Travis Independent School District, ensuring a quality education for your family.
Proximity to Lakeway's Hub: Enjoy nearby shopping and dining at the Hill Country Galleria. Explore outdoor activities such as boating on Lake Travis or golfing at nearby courses.
Modern Home Designs: Choose from a variety of thoughtfully designed homes that incorporate modern features and finishes.
Easy Austin Commute: Experience suburban tranquility with quick access to downtown Austin via major highways, including Highway 71. Your Dream Home Awaits: Make Sweetwater your address for a lifestyle that prioritizes comfort, convenience, and community. Contact us today to schedule a showing and discover the possibilities of calling Sweetwater home.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017