11820 E Farmer Road
About This Property
The second metal home was recently finished out (2025) and has 4 bedrooms and 1 bath. The kitchen area has cabinets and counters, but will need to be finished out. Plumbing is stubbed in for sink and washer/dryer. This homes current beds can sleep 11. If you had bunks it could sleep even more. Solid surface flooring throughout. The cedar walls and beams give it a refreshing cedar smell!! There is a covered metal patio on two sides with concrete. The main house has an aerobic system and the second house has a septic.
Invite even more friends and have them bring their camper or RV. There are two RV hook ups in a cleared out area created just for them.
There are two outbuilding. One loafing shed with tack room, great for a few animals or storing your mowers, ATV's or a boat.
This property is across the street from public hunting lands and only a few miles from McGee lake or the Atoka Reservoir. Enjoy all that the outdoors have to offer.
Each house has central heat and air. It's all electric and has Stringtown Public water. Enjoy two ponds, huge boulders and amazing tall pine trees. The peace and privacy would be hard to beat.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017