111 Obsidian DR
About This Property
Step outside onto the expansive covered back patio that overlooks a meticulously landscaped backyard-a prime spot for gatherings, complete with turf grass, a jacuzzi, and additional covered patio space. The potential for a large swimming pool is easily within reach.
Convenience is key with this home, offering easy access to shopping, entertainment, and the top-rated Dripping Springs schools. The private HOA amenities include a community pool, scenic walking trails, and a playscape, ensuring a lifestyle of comfort and recreation for all residents.
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Cap Rate Calculator
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 7, 2024 | In contract | - | |
| In contract | |||
| Sep 4, 2024 | Price Decreased |
$599,900
↓ $20K
(3.2%) | |
| Price Decreased | |||
| Jul 5, 2024 | Price Decreased |
$619,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jun 26, 2024 | Price Decreased |
$624,900
↓ $5K
(0.8%) | |
| Price Decreased | |||
| Jun 10, 2024 | Price Decreased |
$629,900
↓ $20K
(3.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017