38
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6905 Drexel DR
About This Property
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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 |
|---|---|---|---|
| Sep 11, 2026 | Delisted | - | |
| Delisted | |||
| Sep 11, 2026 | Listed by Tara Williams | $725,000 | |
| Listed by Tara Williams | |||
| Aug 31, 2026 | In contract | - | |
| In contract | |||
| Jul 24, 2026 | Listed by Spyglass Realty | $725,000 | |
| Listed by Spyglass Realty | |||
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Welcome to 6905 Drexel Drive, where modern style, exceptional space, and an incredible backyard come together in one of East Austin's most convenient locations. This beautifully updated five-bedroom, three-and-a-half-bath home offers a spacious open-concept floor plan with a large living area that flows seamlessly into the contemporary kitchen, featuring stainless steel appliances, abundant cabinetry, and generous prep space perfect for entertaining. Luxury vinyl flooring extends throughout the entire home, creating a cohesive, low-maintenance design.
Step outside to your own private retreat with a large backyard and an in-ground swimming pool, ideal for relaxing, hosting friends, or enjoying warm Texas evenings.
Located in the established University Hills area, you'll enjoy quick access to Downtown Austin, Mueller, Austin-Bergstrom International Airport, major employers including Tesla and Samsung, the Southern Walnut Creek Trail, and nearby parks, restaurants, breweries, shopping, and entertainment. This home offers the perfect combination of space, location, and lifestyle, all at a price designed to attract immediate attention. Don't miss this outstanding opportunity to own a move-in ready home in one of Austin's most accessible and rapidly growing areas.
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| Nov 1, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017