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See Home Value
$7,350,000
● Land - Off Market

Undisclosed Address

Austin, TX
bedrooms
Studio
bathrooms
0 Bath
$39,542
Est. Monthly
$583
HOA / Fees

About This Property

.
Unit Size
-
Days on Market
-
Land Size
2.00 acres
Price per sqft
-
Property Type
Land
Property Taxes
$2,868
HOA Dues
$583
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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.

Last updated: 3 years ago (Unlock MLS #ACT1934545)

Price History

Date / Event Date Event Price
Oct 1, 2024 Withdrawn -
Withdrawn
Mar 25, 2024 Listed by Moreland Properties $7,350,000
Listed by Moreland Properties

Property Highlights

With View
Exterior Details
Property Type: Land
Property Sub Type: Lot
View Desription: Hill Country, Lake, Panoramic, River, Trees/Woods, Water
Lot Features: Cleared, Cul-De-Sac, Gentle Sloping, Native Plants, Trees-Large (Over 40 Ft), See Remarks
Lot Size Acres: 2
Lot Size Square Feet: 87120
Water Source: Public
Financial Details
Tax Year: 2023
Tax Annual Amount: $34,419
Utilities Details
Water Source: Public
Sewer : Septic Needed
Utilities For Property: Electricity Available, Natural Gas Available, Water Available
Location Details
Community Features: None
Other Details
Association Fee Includes: See Remarks
Association Fee: $7,000
Association Fee Freq: Annually
Association Name: McCormick Ranch on Lake Austin

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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UNLOCK

Listed by: Eric Moreland
Listed Office: Moreland Properties - Listing courtesy of Unlock MLS
Phone: (512) 480-0848
Last Updated: 2024-10-01 06:15:36
Data Source: Unlock MLS, MLS# ACT1934545
Details provided by Unlock MLS as Distributed by MLS Grid and may not match the public record.
Based on information from Unlock MLS (alternatively, from ACTRIS). Neither the Board nor ACTRIS guarantees or is in any way responsible for its accuracy. All data is provided “AS IS” and with all faults. Data maintained by the Board or ACTRIS may not reflect all real estate activity in the market. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some IDX listings have been excluded from this website.
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