1176 Blue Cut Road N
About This Property
Horse enthusiasts will appreciate the horse arena with four LED arena lights, multiple stalls including four standard stalls and one oversized stall, plus an 8 X 40 shipping container converted into a functional feed barn complete with built-in saddle racks and horse bridle hooks.
The property also includes a spacious shop with electricity, 220 service, and 110 outlets, along with an additional outbuilding equipped with 220 electrical service and 110 plugs for added flexibility. RV owners will appreciate the covered RV parking with a 30 amp hookup.
Additional features include:
Large stock tank located toward the back of the property
Main security yard light in front of the home
Ag exemption currently in place
Livestock ready setup currently supporting cows, horses, and goats
This versatile property combines functionality, open space, and rural charm - perfect for ranching, recreation, or peaceful country living.
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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 |
|---|---|---|---|
| Sep 23, 2026 | Sold | ||
| Sold | |||
| Aug 1, 2026 | In contract | - | |
| In contract | |||
| Jul 8, 2026 | Price Decreased |
$385,000
↓ $13K
(3.3%) | |
| Price Decreased | |||
| Jun 8, 2026 | Price Decreased |
$398,000
↓ $12K
(2.9%) | |
| Price Decreased | |||
| May 20, 2026 | Listed by Axio Real Estate LLC | $409,900 | |
| Listed by Axio Real Estate LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017