7408 Berkman DR
About This Property
Step inside to discover a harmonious fusion of mid century flair and timeless design throughout the single-story layout. This home features a plethora of updates, including updated windows (2018), roof (2021), HVAC (2022), and cast iron pipe replacement (2022). In 2023, the pool received a makeover with a new pump, rewired lights, filter replacement, and resurfacing, ensuring endless hours of summer fun.
The spacious living area is highlighted by a wood-beamed vaulted ceiling and a grand brick fireplace, along with built-in shelving and updated fans. The dining area, bathed in natural light, effortlessly transitions into the kitchen, which underwent a stylish transformation in 2023 with new cabinets, new surfaces and new appliances. Revel in the sleek butcher block countertops, contemporary cabinetry, tile backsplash, and stainless steel appliances, all arranged in a functional galley-style layout ideal for both cooking and entertaining.
Retreat to the sizable primary suite boasting an updated fan, ensuite bath, separate vanity space, and a water room with private shower/tub. 2 guest rooms await personalization, offering ample space and abundant light.
Outside, the expansive 1/5 acre lot transforms into a private oasis, complete with a large covered back patio and an extended area perfect for a fire pit. The sparkling in-ground pool beckons as the ultimate summer retreat, surrounded by lush landscaping and plenty of space for outdoor enjoyment. This property exudes warmth, comfort, and the promise of countless cherished memories in the heart of Austin.
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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 1, 2024 | In contract | - | |
| In contract | |||
| May 23, 2024 | Price Decreased |
$625,000
↓ $25K
(3.9%) | |
| Price Decreased | |||
| Mar 29, 2024 | Price Decreased |
$650,000
↓ $25K
(3.7%) | |
| Price Decreased | |||
| Mar 19, 2024 | Listed by Compass RE Texas, LLC | $675,000 | |
| Listed by Compass RE Texas, LLC | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017