2905 Overview Drive
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 |
|---|---|---|---|
| May 11, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Jan 3, 2026 | Price Decreased |
$589,999
↓ $9K
(1.5%) | |
| Price Decreased | |||
| Oct 27, 2025 | Listed by Keller Williams Heritage | $599,000 | |
| Listed by Keller Williams Heritage | |||
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Priced at appraised value, eliminating guesswork and strengthening buyer confidence. This is a rare opportunity where value is already proven. Currently operating as a successful short-term rental, this charming 3-bedroom, 2-bath retreat offers the perfect opportunity to continue earning income from day one or to make it your personal escape or forever home. Also, a HUGE savings on water, as you have your own well on your property, which is nestled among mature trees that wrap nearly the entire 1.24-acre property for privacy and seclusion, this home welcomes you with a wide front porch and a classic porch swing, an inviting spot to sip coffee at sunrise or unwind at sunset. Inside, the layout is warm and welcoming, featuring two separate living areas that provide flexibility for entertaining guests, creating a game or media room, hosting multiple families, or offering private space for extended stays. Each bedroom is comfortable and thoughtfully arranged, while the main living spaces flow easily toward the outdoors where this home truly shines. Step into your private backyard oasis complete with an in-ground pool, ample deck space for lounging, an outdoor shower, and a pergola perfect for shaded seating, outdoor dining, or evening gatherings under string lights. The outdoor kitchen area provides the ideal setup for barbecues, brunches, or entertaining guests by the pool. A detached garage/workshop with built-in shelving adds valuable storage and workspace, while the pool house offers even more flexibility for storage, a changing area, a creative studio, or a future bunkhouse or office. Guests love the peaceful setting, the natural privacy from the trees, and the layout that allows connection and quiet moments all in the same space-one of the many reasons this home performs well as a rental. Whether you choose to continue operating it as a profitable short-term rental, use it as a personal vacation property, or move in full-time and enjoy the lifestyle yourself, this home provides versatility, comfort, and a setting that encourages relaxation and memory-making. From the front porch swing to the poolside pergola, every inch of this property invites you to slow down, stay awhile, and savor the beauty of Hill Country living.
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| Mar 17, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017