985 MALBEC LOOP
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 |
|---|---|---|---|
| Dec 9, 2025 | In contract | - | |
| In contract | |||
| May 24, 2025 | Listed by Sullivan Hill Country Properti | $1,275,000 | |
| Listed by Sullivan Hill Country Properti | |||
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Welcome to your brand-new, luxury dream home in the gated community of Cordova Bend on Canyon Lake. Masterfully crafted by award-winning TurnKey Builders and thoughtfully designed by Interior designer Melissa Hoppes. WINNER of 2025's Parade of Homes Best Interior Design and Best Floor Plan. Featuring 3 spacious Bedrooms, 3 Bathrooms, and an oversized 3-Car Garage, this Texas Hill Country gem offers plenty of space for all your needs. Upon entering this magnificent home, the open-concept design and soaring cathedral ceilings fill the home with natural light and grandeur, creating an expansive and inviting abode. You will fall in love with the impressive kitchen, featuring a 6-burner gas stove, oversized island, high end quartz countertops, top-tier JennAir appliances including a unique refrigerator with an "obsidian" interior and a microwave/air fryer/convection combo! Plus, a convenient walk-through pantry! A grand flex room with a built-in wet bar offers versatility as a game room, media center, or second living space. The primary bedroom includes outside access to the expansive back porch, while the spa-inspired ensuite boasts a soaking tub, walk-in shower, dual vanities, and large linen closet. Enjoy year-round outdoor living with a covered back porch complete with a built-in kitchen, a corner fireplace, and a private outdoor shower. Ready for more? An optional pool addition can transform the backyard into a resort-style escape. Designed with the future in mind- pre-wired for solar panels, security, and a generator, plus an existing EV charger in the garage. Nestled on a generous 1.5-acre lot, partially wooded for added privacy and a picturesque Hill Country View of the "Twin Sisters". Enjoy access to the community lake park for fun out on the water and peaceful lakeside strolls or have a get together under the large pavilion. This exquisite home is a rare blend of luxury and comfort. Schedule a tour today to experience high-end Hill Country living at its finest.
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| Sep 27, 2024 | Sold | ||
| Sold | |||
| Sep 4, 2024 | In contract | - | |
| In contract | |||
| Jul 1, 2024 | Listed by Sullivan Hill Country Properti | $135,000 | |
| Listed by Sullivan Hill Country Properti | |||
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Welcome to Alto Lago in the Lakeside Community of Cordova Bend at Canyon Lake! Have you been looking for a nice, level 1.5 acre lot for your future dream home? Look no further!! This spacious property is ready to build on with underground utilities at the street in a beautiful, gated community tucked away down a private road in the beautiful Texas Hill Country. Residents enjoy access to over 27 acres of lakeside park land complete with a pavilion, picnic area, grills and more! Come out and see this property today!!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017