40
Map
117 Private Road 541
About This Property
Water is a major highlight, with 20 stock ponds spread across the ranch, including one approximately 5 acres in size, along with additional water in both creeks after rains and several areas that offer potential for future lake sites. There are three water wells in place (one electric, one windmill, and one not currently equipped), as well as rural water access through Millersview-Doole Water Supply. The wildlife on the ranch consists of whitetail deer, turkey, hogs, coyotes, bobcats, and foxes. It is also not uncommon to see coveys of bobwhite quail while traveling through the ranch. Improvements include an original headquarters with two older homes, barns, outbuildings, working pens, about 2 miles of high fence, 7 miles of low perimeter fencing, cross fencing for rotational grazing, and a solid road system that allows you to comfortably access the entire property. Electricity is in place, and the property is currently under a 1-D-1 Agricultural Valuation for property tax purposes.
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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 |
|---|---|---|---|
| Jun 28, 2026 | Price Decreased |
$6,711,500
↓ $314K
(4.5%) | |
| Price Decreased | |||
| Jun 17, 2026 | Price Decreased |
$7,025,425
↓ $541K
(7.2%) | |
| Price Decreased | |||
| Mar 19, 2026 | Listed by Ranchland Real Estate | $7,566,675 | |
| Listed by Ranchland Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017