116 TOWER BLUFF
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%.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Sold | ||
| Sold | |||
| May 19, 2025 | Listed by Atlas Hearth International Realty | $250,000 | |
| Listed by Atlas Hearth International Realty | |||
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Welcome to 116 Tower Bluff, a well-maintained 3-bedroom, 2-bathroom home offering 1,512 square feet of living space, situated on a desirable corner lot in the heart of Cibolo. Designed for comfort and functionality, the layout includes a dedicated dining room and a thoughtful blend of engineered hardwood, tile, and carpet flooring throughout-adding style, durability, and warmth to each space. Currently tenant-occupied through August 2025, the home is generating consistent rental income. The tenant has expressed interest in renewing the lease, making this a turnkey investment opportunity. Alternatively, an owner-occupant buyer can take possession on September 1st, 2025-ideal for those planning ahead. Highlights: 3 Beds | 2 Baths | 1,512 Sq Ft Engineered Hardwood in Main Living Areas Tile in Wet Areas | Carpet in Bedrooms Corner Lot with Great Curb Appeal Current Lease through August 2025 Tenant Open to Renewal or Moving Out Excellent for Investors or Future Homeowners Located in an established neighborhood with convenient access to top-rated schools, shopping, and major highways, this property delivers both immediate value and long-term potential. Listed at $250,000 - Whether you're seeking strong cash flow or a home to move into next year, 116 Tower Bluff is a smart investment.
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| Apr 4, 2008 | Sold | ||
| Sold | |||
| Jan 11, 2008 | Listed by Dale Whitecotton | $141,820 | |
| Listed by Dale Whitecotton | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017