862 Pepperbark LOOP
About This Property
This approximately 1,800 sq. ft. home features a custom stone electric fireplace, upgraded finishes, mature landscaping, private hot tub, expanded outdoor living and a fully finished, insulated and climate-controlled garage with dedicated A/C. The garage provides incredibly versatile bonus space for an art or creative studio, home office, gym, workshop or hobby space.
Approximately $25,000 has been invested in the deck, expanded patio, landscaping and outdoor improvements, creating multiple spaces for relaxing and entertaining. One of the home's most special features is the beautiful open ranch view, with the downtown Austin skyline visible in the distance.
FURNISHED OPTION
Because the seller is planning an international relocation, many furnishings, decor and outdoor pieces may be available through a separately negotiated furnishings package, creating the possibility of a beautifully styled, nearly turnkey purchase.
FLEXIBLE OCCUPANCY / LEASEBACK
Seller plans to relocate internationally in early 2027 and prefers a flexible seller leaseback. Rent, lease terms, closing date and possession are negotiable.
The property may be sold tenant occupied, with seller remaining as tenant under an agreed lease. This could be an excellent fit for an investor, 1031 exchange buyer, cash buyer, future Austin-area resident or relocation buyer who wants to purchase now but does not require immediate possession.
For an investment buyer, this offers the potential benefit of an established occupant and rental income immediately following closing without initially needing to locate a tenant.
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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 |
|---|---|---|---|
| Sep 11, 2026 | Listed by Savvy Way Realty | $339,900 | |
| Listed by Savvy Way Realty | |||
| Jul 18, 2026 | Withdrawn | - | |
| Withdrawn | |||
| May 28, 2026 | Relisted | $349,000 | |
| Relisted | |||
| May 22, 2026 | In contract | - | |
| In contract | |||
| May 6, 2026 | Price Decreased |
$360,000
↓ $5K
(1.4%) | |
| Price Decreased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017