198 Sheridan LOOP
About This Property
This beautifully maintained 3-bedroom, 2-bath home is nestled in the highly sought-after North Cliffe neighborhood, just a short stroll to the lake. A flexible bonus room offers endless possibilities as an office, playroom, or fourth bedroom. The open-concept layout is enhanced by rich wood-look tile flooring, elegant coffered ceilings in both the living room and primary suite, a stunning stone fireplace, and abundant windows that fill the space with natural light.
The lushly landscaped front yard features vibrant red rose bushes, while the private, fenced backyard is shaded by mature Live Oak trees-perfect for relaxing on the covered porch with your morning coffee. Ideally located near UMHB, local restaurants, and shopping, this home blends comfort, charm, and convenience in one perfect package.
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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 |
|---|---|---|---|
| Jul 3, 2025 | Withdrawn | - | |
| Withdrawn | |||
| Jun 21, 2025 | Listed by Agency Texas Inc | $300,000 | |
| Listed by Agency Texas Inc | |||
| Jun 16, 2022 | No longer available | - | |
| No longer available | |||
| May 17, 2022 | In contract | - | |
| In contract | |||
| May 12, 2022 | Listed by The Agency Austin Inc | $299,000 | |
| Listed by The Agency Austin Inc | |||
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Gorgeous one-story stunner located in the highly desired North Cliffe neighborhood- you’re only a short walk to the Lake! This property has the potential for positive cash flow and currently has tenants with a lease ending in December 2022. Home boasts a 3 bed 2 bath with an extra office/playroom/bedroom/flex space. This open floor plan features beautiful wood-like tile throughout the home, coffered ceilings in the living room/master bedroom, stone fireplace, granite countertops and windows throughout that radiate natural light. Lush front with three red rose bushes, and fenced in backyard with mature Live Oak trees featuring a covered porch to drink your morning coffee. Conveniently close to UMHB, Restaurant’s, & Shopping! The manager has listed the unit size as 1624 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017