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7824 Paces Mill LN
About This Property
Situated on a corner lot with no neighbors directly behind, the property features a large fenced backyard with plenty of space to relax, entertain, or enjoy the outdoors. The new deck provides an inviting extension of the living space.
Conveniently located near shopping, dining, schools, major employers, and with easy access to IH-35, Downtown Austin, and Austin-Bergstrom International Airport. Outdoor recreation is close by with Onion Creek Metropolitan Park's scenic trails and jogging paths within walking distance, plus McKinney Falls State Park just minutes away. A thoughtfully renovated home offering modern updates, privacy, outdoor space, and added peace of mind.
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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 18, 2026 | In contract | - | |
| In contract | |||
| Sep 25, 2026 | Listed by Spyglass Realty | $299,900 | |
| Listed by Spyglass Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017