*$5K seller closing cost credit + offering a $2150 incentive w/ our
preferred lender* Welcome to 738 Palo Duro Loop, a beautifully
maintained two-story home in the heart of the Somerville at Warner
Ranch community. This home features a warm and inviting atmosphere
with neutral tones, towering ceilings, and a thoughtfully designed
layout. With numerous versatile spaces, you can customize it to
create a home that truly suits your lifestyle. The main level is
built for entertaining with an open-concept living room, a spacious
dining area, and a kitchen with a large granite island at its
heart. A flex space at the front of the home is fitting for formal
dining, a home office, or a reading room. The main level primary
bedroom is complete with an ensuite bath featuring a walk-in shower
with a bench seat and a dual vanity, while a secondary bedroom and
full bath on the main level offer accommodations for guests,
multigenerational living, or a teen suite. Upstairs, the
possibilities are endless. Two distinct spaces invite you to create
a cozy living area alongside a dedicated game room. A few steps
lead to a charming additional room that could be your home office,
study/homework space, craft room, yoga studio, or reading
room-tailor it to match your lifestyle. Two additional bedrooms
accompanied by a full bath complete the second level. Convenience
is at your doorstep with HEB tucked behind the community with no
major roads needed, and a plethora of dining, shopping, and
entertainment options nearby. Top-rated Round Rock ISD schools are
just 5-10 minutes away, plus, with quick access to I-35 and TX-45,
commuting is seamless. Additional highlights include PAID OFF SOLAR
PANELS for energy efficiency/lower monthly expenses, and a new AC
unit with a variable-speed motor furnace (installed 2023, 10-year
warranty to be verified by buyer). This home is ready for its next
chapter. Come embrace its functionality, style, and versatility,
and don't miss your chance to make it yours!
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.
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