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5813 Cedardale DR
About This Property
Estate Sale! Incredible opportunity in the heart of South Austin.
This 4-bedroom, 2.5-bath home offers 1,743 square feet of living space and is full of potential for investors, renovators, or buyers looking to customize a home with a renovation or 203(k) loan. Built in 1970, the home features a garage conversion that adds a spacious fourth bedroom and full bath with window-unit cooling, providing flexible living space for guests, a home office, or multi-generational living.
HVAC system approximately 2 years old and a roof approximately 6 years old. The spacious, fully fenced backyard offers plenty of room for future improvements. No HOA!
Ideally located just minutes from South Congress (SoCo), St. Elmo, downtown Austin, shopping, restaurants ,and parks, this property is perfectly positioned for a renovation project or long-term investment.
Seller will make no repairs. Property is being sold AS IS. Buyer to independently verify all information, measurements, schools, permits, and property condition.
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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 |
|---|---|---|---|
| Jul 12, 2026 | In contract | - | |
| In contract | |||
| Jul 5, 2026 | Listed by Central Metro Realty | $295,000 | |
| Listed by Central Metro Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017