8824 KIMONO RIDGE DR
About This Property
Upon entering, you'll find fresh interior paint throughout, updated light fixtures, and plenty of space. The first floor features a generous living room with additional flex space that could be used as a formal dining room, sitting area, or even office. The large kitchen is light and bright with plenty of cabinetry, counterspace, and new appliances. Additional features include a powder bathroom, spacious laundry room, and access to the 2-car garage and backyard.
The second story features an additional flex space, three oversized bedrooms, and two additional bathrooms. The primary bedroom offers plenty of space and an ensuite featuring a double vanity, separate tiled shower and bathtub, and large closet space.
Enjoy the outdoors with a lovely covered patio with stone extension that overlooks a private backyard. Conveniently located with easy access to Central Austin, MoPac, and I-35, this home combines comfort, style, and prime 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 |
|---|---|---|---|
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Sep 5, 2024 | Listed by Redfin Corporation | $400,000 | |
| Listed by Redfin Corporation | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017