7103 W Magic Mountain LN
About This Property
Ascend the stairs to discover a conveniently placed game room or second living area, perfect for entertaining guests. The elegant master suite awaits on the second floor, boasting an over-sized sloped ceiling, a generous walk-in closet, a garden tub, and a separate glass-enclosed shower. The upper level also includes two other spacious secondary bedrooms.
This home is situated in the highly coveted neighborhood of Stone Canyon - a community that offers a wealth of recreational amenities, including a swimming pool, pond, trails, playground, and tennis court, all within walking distance. Conveniently located just minutes away from HEB, major highways, and prominent employers, and with the added benefit of being in the award-winning RRISD district, this property offers both luxury and practicality.
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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 |
|---|---|---|---|
| Jun 17, 2024 | In contract | - | |
| In contract | |||
| Jun 4, 2024 | Price Decreased |
$599,500
↓ $26K
(4.1%) | |
| Price Decreased | |||
| May 21, 2024 | Price Decreased |
$625,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| May 13, 2024 | Listed by Kuper Sotheby's Int'l Realty | $645,000 | |
| Listed by Kuper Sotheby's Int'l Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017