498 William Pettus RD
About This Property
Set on approximately 3.85 acres in Maxwell, this 2018 home offers 2,244 sq ft with 3 bedrooms, 2 baths, and a dedicated office/flex room. Covered back porch for outdoor seating and views across the property. Room for a garden, workshop space, or animals (verify restrictions). Approx. 1.3 mi to San Marcos Regional Airport (HYI), about 3.9 mi to San Marcos, and about 5.4 mi to Texas State University. About 9.1 mi to Lockhart State Park. Owner financing available-request terms and qualifications. Information deemed reliable; buyer to verify acreage, square footage, utilities, and school zoning.
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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 |
|---|---|---|---|
| Feb 20, 2026 | In contract | - | |
| In contract | |||
| Jan 15, 2026 | Listed by Real Broker, LLC | $385,000 | |
| Listed by Real Broker, LLC | |||
| Sep 6, 2025 | No longer available | - | |
| No longer available | |||
| Jul 30, 2025 | Price Decreased |
$389,000
↓ $10K
(2.5%) | |
| Price Decreased | |||
| Jun 18, 2025 | Price Decreased |
$399,000
↓ $9K
(2.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017