408 SOMBRERO
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 |
|---|---|---|---|
| Apr 3, 2026 | In contract | - | |
| In contract | |||
| Mar 3, 2026 | Listed by eXp Realty LLC | $575,000 | |
| Listed by eXp Realty LLC | |||
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Welcome to 408 Sombrero—an inviting golf-course retreat overlooking the iconic Slick Rock Golf Course’s Hole #4. With panoramic views of the fairway and water features, this home offers a peaceful Hill Country lifestyle with exceptional flexibility. The open-concept design seamlessly connects the living, dining, and kitchen areas, creating an ideal flow for everyday comfort or entertaining. Two generous en-suite bedrooms provide outstanding privacy for guests, long-term visitors, or dual-suite living. A third room adds even more versatility and can be used as a home office, fitness area, hobby space, or additional sleeping area. This property works beautifully as a low-maintenance primary residence, a Hill Country getaway, a lock-and-leave second home, or a weekend retreat or investment rental. Step outside to the expansive deck to enjoy the serene setting, whether it’s morning coffee, afternoon relaxation, or sunset views. Recent improvements—including a new roof, new HVAC system, instant hot water heater, and water filtration system—provide added value and peace of mind. Thoughtful design, endless flexibility, and breathtaking views make 408 Sombrero a home that truly adapts to your lifestyle. Come see all the possibilities and make it your own.
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| Mar 1, 2026 | No longer available | - | |
| No longer available | |||
| Jan 9, 2026 | Price Decreased |
$575,000
↓ $25K
(4.2%) | |
| Price Decreased | |||
| Dec 9, 2025 | Price Decreased |
$600,000
↓ $70K
(10.5%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017