611 Timber TRL
About This Property
A spacious master suite with sitting area and patio access, en suite bathroom, and large walk in closet. A modern cook's kitchen with stone countertops and stainless appliances, an elegant vaulted living space that leads out to a backyard oasis ideal for year round enjoyment, with an abundance of shade and plenty of room for kids to play and dogs to run.
With multiple parks, lakes, and trails nearby, 9 miles to the Apple Campus, 11 miles to the Domain, and just a short drive down 183 to all that Downtown Austin has to offer, this home has all the perks of relaxed suburban living with the inspiration of city life still at your fingertips. Also coming soon are multiple Cedar Park public projects...200 acre McCann Park, Phase one of Lakeline Park, and the walkable mixed use development 'The Bell District', filled with local restaurants, retail and recreational options.
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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 13, 2024 | In contract | - | |
| In contract | |||
| Apr 4, 2024 | Relisted | $445,000 | |
| Relisted | |||
| Mar 31, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by Compass RE Texas, LLC | $450,000 | |
| Listed by Compass RE Texas, LLC | |||
| Dec 11, 2023 | No longer available | - | |
| No longer available | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017