38
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413 Hoot Avenue
About This Property
Step outside to the screened in patio where you can dine or relax while taking in views of the water. A 140 foot walkway leads to the private covered dock complete with an automatic boat lift, two jet ski lifts, and lockable storage. Evenings are best spent by the fire pit under string lights or soaking in the hot tub while watching unforgettable sunsets.
Guests will love the private three bedroom two bath guest house, making this property ideal for hosting friends and family or for use as a short term rental. With room to comfortably sleep sixteen and a strong rental history, it is both a personal getaway and a SMART investment.
Additional highlights include a fully fenced lot with custom cedar automatic gate, fresh sod with sprinkler system, spray foam insulation for energy efficiency, and a massive 1400 square foot garage perfect for hobbies or game nights with space for a dart board and basketball hoop.
Located just minutes from dining, live music, Rocker B Ranch, golf, and all the attractions of Possum Kingdom Lake, this home offers a lifestyle like no other. Life is better by the water and this property makes every day feel like a vacation.
As of Sept 19 this has grossed $160,000 from STR for 2025. Please reach out to Brooke for updated numbers.
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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 |
|---|---|---|---|
| Jul 29, 2026 | Price Decreased |
$1,890,000
↓ $59K
(3%) | |
| Price Decreased | |||
| Feb 12, 2026 | Price Decreased |
$1,949,000
↓ $50K
(2.5%) | |
| Price Decreased | |||
| Sep 19, 2025 | No longer available | - | |
| No longer available | |||
| Sep 19, 2025 | Listed by Smart Realty | $1,999,000 | |
| Listed by Smart Realty | |||
| Aug 5, 2025 | Price Decreased |
$2,100,000
↓ $100K
(4.6%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017