2138 Hobby Drive
About This Property
Listed By
Payment Calculator
Your Estimated Monthly Payment
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 12, 2026 | In contract | - | |
| In contract | |||
| Oct 6, 2026 | No longer available | - | |
| No longer available | |||
| Oct 6, 2026 | Listed by Keller Williams Realty DPR | $225,000 | |
| Listed by Keller Williams Realty DPR | |||
| Oct 2, 2026 | Price Decreased |
$225,000
↓ $25K
(10%) | |
| Price Decreased | |||
| Aug 28, 2026 | Listed by Keller Williams Realty DPR | $250,000 | |
| Listed by Keller Williams Realty DPR | |||
| |||
|
Discover the inviting lifestyle waiting for you in this beautifully maintained one-story home in Forney’s Clements Ranch community, where comfortable living spaces, outdoor enjoyment, and everyday convenience come together. Step inside to a thoughtfully designed floor plan centered around a welcoming living room with a cozy fireplace. The open flow into the kitchen and breakfast nook keeps everything connected, whether you are hosting a get-together, sharing a meal, or enjoying a quiet night at home. The bright primary suite offers a relaxing place to recharge, complete with an ensuite bath featuring a separate shower and a spacious walk-in closet. Outside, the covered patio extends your living space into a private backyard surrounded by wood fencing and established landscaping. A sprinkler system adds convenience, while the yard offers room for outdoor dining, gardening, recreation, or laid-back evenings under the Texas sky. Beyond the backyard, Clements Ranch delivers even more ways to enjoy your downtime with scenic walking trails, community lakes, a fishing dock, a swimming pool, clubhouse, parks, playgrounds, and open green spaces. When it is time to venture out, convenient access to U.S. Highway 80 connects you with Downtown Dallas, Mesquite, Rockwall, and surrounding employment centers. Shopping, dining, entertainment, and everyday essentials are minutes away, while nearby Lake Ray Hubbard opens the door to boating, fishing, waterfront dining, and outdoor recreation. With Forney continuing to grow and add modern conveniences, this move-in-ready home offers an exciting opportunity to enjoy a functional, low-maintenance lifestyle with so much within reach. Come experience Clements Ranch and see how easily this home could become the backdrop for your next chapter.
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017