Life in Meridian means starting your morning walking down to
Baldwin Elementary, spending afternoons at the neighborhood pool or
hitting the greenbelt trails around the pond. Settled in 78739,
this 4-bedroom + study, 2.5-bath, 2-story home gives you that rare
balance of a tight-knit community with incredible proximity to
Austin's best spots. Over $50K in updates have been completed
within the last 2 years, including a roof in July 2025, fresh
whole-house and interior door paint and a fully remodeled kitchen
in September 2026, an updated upstairs bathroom with a walk-in
shower in 2025, one AC unit in summer 2024, and waterproof LVP
flooring across the primary suite, office, staircase, and entire
upper level. You are minutes from grabbing tacos at Torchy's,
catching a movie at Alamo Drafthouse, stocking up at the Circle C
HEB, or teeing off at Grey Rock Golf Course, all while having easy
routes to Downtown Austin and the airport. Walking through
the front door, a dedicated office sits to your left, then leads
past a formal dining area into a bright living room with two-story
ceilings, a fireplace, and a wall of windows. The living room flows
straight into the remodeled kitchen, with granite countertops,
stainless appliances, a Bosch dishwasher, and an RO water
filtration system. The main-floor primary suite offers a quiet
retreat at the end of the day, complete with LVP flooring, its own
mini-split AC system, and an ensuite with separate vanities, a
soaking tub, and a separate shower. Upstairs, you'll find a game
room, 3 secondary bedrooms and a fully remodeled bath. Additional
upgrades include full-house LED lighting, smart light switches, a
Rachio smart sprinkler system, a Wi-Fi camera surveillance system,
an updated water heater, updated landscaping in summer 2026, and a
garage with an EV charger. Outside, the large covered back patio
acts as an outdoor living room overlooking a private yard with
mature trees and an updated fence with postmaster steel posts.
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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