11409 County Road 338
About This Property
The home itself is complemented by a versatile barn and a cozy bunkhouse, both equipped with electricity, and water. A bathroom and sink is in bunkhouse, The property features 7 working water spigots strategically placed throughout, ideal for animal care and gardening.
Regeneratively managed through rotational grazing with sheep, horses, and cows, the land is fertile and well-maintained. The lush landscape boasts a variety of fruit trees, including fig, apple, lemon, and peach, and wildberries that return annually..
Recent updates include an HVAC system converted to electric in 2022, Water heater installed in 2021, Roof replaced in June 2020. The entire property is securely fenced in, providing a safe and serene environment. Rare find!
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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 |
|---|---|---|---|
| Mar 13, 2025 | Sold | ||
| Sold | |||
| Feb 17, 2025 | In contract | - | |
| In contract | |||
| Feb 14, 2025 | Relisted | $199,000 | |
| Relisted | |||
| Jan 28, 2025 | In contract | - | |
| In contract | |||
| Dec 31, 2024 | Price Decreased |
$199,000
↓ $16K
(7.4%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017