497 Farhills Dr
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 |
|---|---|---|---|
| Mar 12, 2025 | Listed by Sullivan Hill Country Properti | $420,000 | |
| Listed by Sullivan Hill Country Properti | |||
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Looking for a home with plenty of space, modern conveniences, and great outdoor living? This spacious 4-Bedroom Home with Bonus Room, Workshop, Outdoor Kitchen & Studio on .55 Acres! This 2,032 sq. ft. residence has been beautifully converted from a manufactured home into a permanent residential retreat with 4 bedrooms, 3 full baths, and a versatile bonus room! Inside, you'll find an open concept living and dining area, perfect for entertaining. Two primary bedrooms. The spacious kitchen offers ample storage and counter space, making meal prep a breeze. The large primary suite provides a private bath for relaxation, while the additional bedrooms offer plenty of room for family or guests. A bonus room adds extra flexibility, making it ideal for an office, playroom, or hobby space. Outside, the property sits on .55 acres, giving you plenty of space to enjoy outdoor activities. A custom-built pavilion features a full outdoor kitchen, perfect for BBQs and gatherings. The playground set stays with the home, making it a great space for families with children. There's also RV parking for added convenience. Additionally, the home includes a workshop with an unfinished studio that already has a kitchen and bathroom but requires a septic system to be fully functional, offering great potential for a guest suite, rental, or creative space. This home is in a prime location, near top-rated schools and shopping for everyday convenience. With easy access to Hwy 281 and Hwy 46, commuting is a breeze, and Boerne is just a short drive away, providing the perfect balance of small-town charm and city amenities. This home offers space, flexibility, and fantastic outdoor living! Don’t miss out—schedule your showing today!
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| Aug 17, 2011 | Sold | ||
| Sold | |||
| Jan 19, 2011 | Listed by Keller Williams Hill Country | $72,000 | |
| Listed by Keller Williams Hill Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017