Owner-occupant or investor opportunity in highly sought-after
Legend Oaks. This 3-bedroom, 2-bathroom home with a dedicated
office offers an open floor plan and the chance to own in one of
Southwest Austin's most established and desirable neighborhoods.
Whether you're searching for a place to call home or an investment
in a proven location, this property offers exceptional value and
long-term potential. Just one block from the community pool, tennis
courts, playground, splash pad, greenbelt trails, and neighborhood
amenities, the home provides an outstanding lifestyle in a location
that continues to attract buyer demand. Buyers seeking a primary
residence will appreciate the opportunity to move into a well-loved
neighborhood known for its mature trees, community amenities,
highly rated schools, and convenient access to shopping, dining,
and major employers in Southwest Austin. Featuring an open floor
plan with 3 bedrooms, 2 bathrooms, and a dedicated home office, the
layout offers flexibility for remote work, growing households, and
everyday living. The home presents an excellent opportunity for
buyers to update and personalize at their own pace while building
equity in a neighborhood where updated homes command higher values.
A recent appraisal was completed at $548,000, providing perspective
on the home's current value. The current tenant has indicated a
willingness to vacate early for an owner-occupant purchaser,
creating flexibility for buyers who wish to move in sooner.
Investors may also benefit from rental income while planning future
improvements. Additional features include four-sides brick
construction and an automatic sprinkler system. Located within
highly acclaimed AISD schools including Mills Elementary, Small
Middle School & Bowie High School. Legend Oaks residents enjoy
access to community pools, tennis courts, playgrounds, splash pads,
hike-and-bike trails & neighborhood greenbelt access, all within
approximately one block of the home. Owner/Agent.
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.
By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from realtor.com and others about your inquiry and other home-related matters, but not as a condition of purchase (More...)California Privacy Notice
By submitting your information, you agree RealtyHop can share your information with its network of real estate &
mortgage professionals (or through their agents) and consent to receive marketing emails, calls, & texts related
to your inquiry (including via automatic telephone dialing system, or artificial or pre-recorded voice technology)
from Movoto or their affiliates to the email address or number you provided.
By proceeding, you agree to our Terms of Service. California Privacy Notice
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017