5907 Bullard DR
About This Property
This home is made for life's little moments, and is ready for the next owner to make it theirs. Find yourself curling up with a book in the screened room, listening to the gentle rhythm of raindrops as the Texas sky puts on a light show. On warm nights, fireflies dance by the creek, creating a magical scene right outside your door. The welcoming neighborhood adds to the sense of community.
The massive backyard is an entertainer's dream, and friends will love the endless space for games – countless parties, soccer matches, egg hunts, and wheelbarrow races have unfolded here. Nature lovers will be amazed by the stunning wildlife along the creek – woodpeckers raising their young, a yellow-crowned night heron faithfully catching bugs each summer evening, and a barred owl family calling the giant cypress tree home.
This expansive property boasts breathtaking frontage along Shoal Creek, offering a tranquil escape yet close to the convenience of downtown Austin, and on a quiet, friendly street. Immerse yourself in over .37 acres of scenic beauty and tranquility. Build your dream home amidst the serene setting, or restore the mid-century property, with the soothing sounds of the flowing creek as your daily soundtrack.
Beyond your own haven, explore the area's fantastic bike paths – perfect for a leisurely ride to brunch. The nearby park and pool are a local favorite, and the off-leash dog park provides a place for furry friends to make new pals. This home offers the tranquility of green space, while still enjoying the convenience of city life.
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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 8, 2024 | In contract | - | |
| In contract | |||
| Jun 28, 2024 | Listed by Douglas Elliman Real Estate | $965,000 | |
| Listed by Douglas Elliman Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017