2006 Martins Crst
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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 25, 2024 | Sold | ||
| Sold | |||
| Oct 10, 2024 | In contract | - | |
| In contract | |||
| Oct 3, 2024 | Listed by Douglas Elliman Real Estate | $899,950 | |
| Listed by Douglas Elliman Real Estate | |||
| | |||
|
Situated on 2.4 acres, this 3,370 sq ft home (per Hays CAD) offers 4 bedrooms and 3.5 bathrooms in the main house, along with a detached 386 sq. ft guest casita (per Hays CAD) that features 1 bedroom, 1 bathroom, a small kitchen, and a living room. The main house has been updated with a remodeled primary bedroom and bathroom, an upgraded kitchen, newer HVAC units, and a newer roof.
The kitchen and living area provide plenty of space for daily living and gatherings, with large windows bringing in natural light. The bedrooms are spacious, and the bathrooms are functional and well-maintained.
Outside, the large covered patio overlooks a swimming pool, ideal for hot Texas days. The backyard is enclosed with wrought iron fencing and features oak trees that offer shade. A small sport court adds a place for recreational activities.
The detached guest casita, built in 2023, is perfect for extended family, guests, or as a rental unit for extra income. Its separate living area, kitchen, and bathroom make it a versatile addition.
Originally the subdivision developer's personal homestead, this property offers privacy, space, and recent updates. Whether you're looking for a large family home or a property with rental potential, 2006 Martins Crest offers a great opportunity in a peaceful setting, minutes from downtown San Marcos.
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| Sep 1, 2024 | No longer available | - | |
| No longer available | |||
| Jul 17, 2024 | Price Decreased |
$950,000
↓ $50K
(5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017