Welcome to 806 Mountain Ridge Dr in Oak Ridge! This 3-bedroom,
2.5-bath home offers 1,857 sq ft with the primary suite on the main
level, soaring ceilings, abundant natural light, and a flexible
floor plan. One bay of the garage has been converted into a
dedicated office, creating a great work-from-home space while still
leaving one garage space for parking. The kitchen features granite
countertops, stainless steel appliances, a breakfast bar, and opens
to the family room with a limestone fireplace. The spacious primary
bath includes dual vanities, a garden tub, and separate walk-in
shower. Outside is where this home really shines. Mature trees, an
oversized patio, privacy fencing, and an above-ground pool create a
quiet backyard oasis with plenty of room to relax, entertain, and
enjoy Texas evenings. Conveniently situated between 183 Toll and
183, the location offers easy access for commuting into Austin
while still enjoying the feel of an established Leander
neighborhood. Community amenities include a park, playground, pool,
and sport courts, all within Leander ISD.
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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