116 Ocotillo
About This Property
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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 21, 2026 | Listed by Smart Group, REALTORS | $510,000 | |
| Listed by Smart Group, REALTORS | |||
| Jul 7, 2026 | Temporarily off market | - | |
| Temporarily off market | |||
| Jun 14, 2026 | Price Decreased |
$524,900
↓ $100
(0%) | |
| Price Decreased | |||
| Mar 7, 2026 | Listed by JB Goodwin, REALTORS | $525,000 | |
| Listed by JB Goodwin, REALTORS | |||
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Experience resort-style living in the master planned, highly sought-after Esperanza community in Boerne! While many homes here offer beautiful surroundings, this one enjoys truly captivating hill country views. Relax and unwind on the elevated back patio with your favorite beverage as the sun sets across the breathtaking vistas that can be part of your everyday routine. Inside, the thoughtfully designed floor plan offers 4 bedrooms, a private study, and 3 full baths, providing both comfort and flexibility for today's lifestyle. The open-concept layout seamlessly connects the living and dining areas, creating a welcoming space ideal for everyday living and entertaining. The spacious kitchen features an oversized island perfect for meal prep & gathering with friends. Life in Esperanza also means enjoying exceptional resort-style amenities just moments from your door. Residents enjoy a sparkling pool surrounded by palm trees, the popular Rover Oaks Bark Parque dog park, a 24-hour fitness center, a scenic fishing lake, miles of walking trails, and the imaginative Roca Loca Forest playground with treehouse. There's also sand volleyball and the community favorite-a lazy river and kiddie pool designed for endless summer fun. Come discover why so many people are drawn to the Esperanza lifestyle! POTENTIAL SHORT SALE. OWNERS ARE APPLYING,
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| Aug 25, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017