270 Phillip Ranch Rd
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 |
|---|---|---|---|
| Dec 1, 2025 | No longer available | - | |
| No longer available | |||
| Sep 17, 2025 | Price Decreased |
$400,000
↓ $25K
(5.9%) | |
| Price Decreased | |||
| Jun 2, 2025 | Listed by Phyllis Browning Company | $425,000 | |
| Listed by Phyllis Browning Company | |||
| | |||
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Gorgeous lot on just over 6 acres in the peaceful neighborhood of Sabinas Creek Ranch. If you are looking to build in the Hill Country this lot has plenty of possibilities for a building site to capture the beauty of mature oak trees, views, and even some waterfront access to Sabina Ranch Creek. This property is located just a few short miles from downtown Boerne and has no city taxes. Bring your builder and come walk this lot to see all that it has to offer to build your dream home.
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| May 5, 2023 | Sold | ||
| Sold | |||
| Feb 3, 2023 | Listed by eXp Realty | $444,000 | |
| Listed by eXp Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017