8900 Ridgewell RD
About This Property
This spacious two-story home offers 5 bedrooms and 3.5 bathrooms and is priced to reflect the opportunity for value-add. With a little TLC and elbow grease, the next owner can build instant equity in one of South Austin's most desirable communities.
The main level features a wide-open floor plan with soaring ceilings overlooking the living and dining areas, creating a bright and inviting space ideal for entertaining. The kitchen anchors the home with a large center island, generous countertop space, and ample storage. A downstairs bedroom with its own private bathroom and closet is perfect for multigenerational living, guests, or a home office.
Upstairs, you'll find a large game room or secondary living area, offering flexibility for work, play, or relaxation. Out back, enjoy a covered patio with pergola, ideal for outdoor gatherings or quiet evenings at home.
Located just across the street from the community park, residents enjoy access to a junior Olympic-size pool, playground, and basketball court-an unbeatable amenity package that adds to both livability and resale appeal.
Whether you're an investor or a buyer looking to customize and create value, this McKinney Heights property is a rare opportunity you won't want to miss.
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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 |
|---|---|---|---|
| Jan 28, 2026 | In contract | - | |
| In contract | |||
| Jan 14, 2026 | Listed by Keller Williams Realty | $340,000 | |
| Listed by Keller Williams Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017