602 Academy DR
About This Property
The spacious yet cozy lower level offers flexible floor plan options. There are multiple living and dining areas, 3 bedrooms and 3 full baths, 2 of which have been renovated ADA compliant and an office. There are also guest quarters with it's own entrance. Could be an ideal AirBnB option. The sunlit primary suite is located on the second floor complete with a full ensuite bath, walk-in closet and a private porch, perfect for enjoying a cup of coffee and book before you start your morning. With multiple porches and patios, indoor and outdoor entertainment flows naturally, seamlessly combined into one.
It's easy to fall in love with Austin when you're at 602 Academy. Not only are you surrounded by the friendliest of neighbors in Travis Heights, but you're also just around the corner from the iconic South Congress and near Lady Bird Lake. Whether you're in the mood for shopping, paddle boarding or a stroll on the trail, everything you could want is right at your fingertips.
This is your chance to call 78704 home and put your own touch on a classic Austin bungalow.
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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 |
|---|---|---|---|
| May 13, 2024 | In contract | - | |
| In contract | |||
| Apr 30, 2024 | Price Decreased |
$1,100,000
↓ $50K
(4.4%) | |
| Price Decreased | |||
| Apr 18, 2024 | Price Decreased |
$1,150,000
↓ $145K
(11.2%) | |
| Price Decreased | |||
| Mar 23, 2024 | Price Decreased |
$1,295,000
↓ $54K
(4%) | |
| Price Decreased | |||
| Feb 15, 2024 | Price Decreased |
$1,349,000
↓ $150K
(10%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017