9423 Bing Cherry LN
About This Property
Step outside to your private backyard oasis, where you'll find a sparkling pool with updated equipment, tile, plaster and lighting, ideal for enjoying the Texas sunshine. The expansive lot (80x200) provides ample space for outdoor activities and entertaining. Additionally, the property benefits from a low tax rate of just 1.86%, making it not only beautiful but also a smart financial choice.
This home also includes a three-car garage, a cozy gas fireplace in the living room, and a versatile bonus room that can be used as a home office, gym, or playroom. Located in the highly sought-after Enclave at Spicewood Village, this home is within the highly acclaimed Round Rock Independent School District (RRISD), feeding into Spicewood Elementary, Canyon Vista Middle School, and Westwood High School.
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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 |
|---|---|---|---|
| Jun 1, 2024 | In contract | - | |
| In contract | |||
| May 24, 2024 | Listed by Douglas Elliman Real Estate | $1,350,000 | |
| Listed by Douglas Elliman Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017