803 Cardenas LN
About This Property
From the moment you arrive, the covered front porch sets a welcoming tone. Inside, the layout is designed for how buyers live today, with an open-concept kitchen, dining, and living space that feels bright, airy, and connected. The kitchen features abundant cabinetry, granite countertops, and a charming breakfast nook.
At the front of the home, a formal dining room offers flexibility to fit your lifestyle. While this space works perfectly as a formal living or dining space, it could also easily serve as an office. Tucked between the guest bedrooms, a bonus living area creates the perfect setup for a media room, play space, in-home gym, or quiet retreat.
The private primary suite is thoughtfully separated from the secondary bedrooms and includes a spacious ensuite bath with dual vanities, soaking tub, and walk-in shower.
Out back, enjoy a covered patio and fenced yard-rare for condo living-giving you a private outdoor space without the upkeep of a larger lot.
With a functional floor plan, multiple living areas, and a price point that's hard to beat, this home offers exceptional value in a highly convenient South Austin location.
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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 3, 2026 | In contract | - | |
| In contract | |||
| May 23, 2026 | Price Decreased |
$395,000
↓ $4K
(1%) | |
| Price Decreased | |||
| May 1, 2026 | Listed by Stanberry REALTORS | $399,000 | |
| Listed by Stanberry REALTORS | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017