586 Two Creeks LN
About This Property
Upgraded oak flooring runs through the main living areas, complemented by abundant natural light and large sliding glass doors opening to the extended covered patio. The kitchen features numerous builder upgrades, including a farmhouse sink, oversized island, upgraded cabinetry and finishes, and generous counter and storage space. It opens directly to the main living area with a beautiful gas fireplace.
The floor plan includes four bedrooms, a dedicated study, and a separate playroom or entertainment room with upgraded carpet. The primary suite features an upgraded extension with bay windows, an ensuite bath with a separate shower, soaking tub, double vanities, and a customized walk-in closet with a California Closet system. A pass-through laundry room off the primary closet includes additional cabinetry and storage. Three additional bedrooms and upgraded bathrooms complete the home.
Outside, the east-facing extended covered patio overlooks greenspace with no immediate rear neighbor, creating a more open and private backyard setting.
Additional features include a three-car tandem garage with epoxy flooring, EV charger prewiring, security camera prewiring, and numerous builder upgrades.
Parten Ranch residents enjoy a community pool, clubhouse, walking trails, playgrounds, and preserved greenbelts, with easy access to SH-45 and MoPac, Downtown Austin, shopping, dining, major employers, and the airport.
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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 |
|---|---|---|---|
| Oct 3, 2026 | Price Decreased |
$849,900
↓ $25K
(2.9%) | |
| Price Decreased | |||
| Sep 3, 2026 | Listed by Magnolia Realty Austin Hill Co | $875,000 | |
| Listed by Magnolia Realty Austin Hill Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017