23
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6706 Colony Park DR
About This Property
A versatile bonus room with its own private exterior entrance adds valuable functionality and can serve as a home office, second living area, guest space, or potential 4th bedroom. Exterior improvements include new windows, siding, exterior paint, and a new deck, creating a move in ready home inside and out. With no HOA, the property offers added flexibility and affordability.
Conveniently located just minutes from Downtown Austin, Tesla, Austin Bergstrom International Airport, Mueller, shopping, dining, and major roadways including US 183, SH 130, and I 35. A great opportunity to own a thoughtfully updated home with flexible space and easy access to everything East Austin has to offer.
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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 20, 2026 | Price Decreased |
$239,900
↓ $10K
(4%) | |
| Price Decreased | |||
| Sep 24, 2026 | Listed by Spyglass Realty | $249,900 | |
| Listed by Spyglass Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017