11981 SIMPSON ROAD
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 |
|---|---|---|---|
| May 7, 2025 | Sold | ||
| Sold | |||
| Apr 15, 2025 | In contract | - | |
| In contract | |||
| Apr 5, 2025 | Listed | $749,900 | |
| Listed | |||
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This Charming 4 Bedroom 3 Bath rancher is situated on a private & secluded 4.22 acreage parcel. Grab your favorite beverage & take in the picturesque backyard view on the recently built TREX deck. Inside there's over 1500 sq. ft. of Main Level living space with an open living room & wood burning fireplace, a separate dining room, an eat-in kitchen w/updated appliances, a laundry room plus 3 bedrooms & 2 full baths! The spacious primary bedroom features a private bath with his/her sinks & a large clothes closet. The fully finished Lower Level features walk-out french style doors, a Large Rec Room, a 4th. Bedroom w/large closet & a Full Bath plus a Hot Tub & a Wood Burning Stove. Recent new HVAC & Water Heater! This property features an abundance of weed-free Zoysia grass known for it's great durability & drought tolerance. Where can you find a home with 4+ acres in Howard County at this price?!
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| Oct 2, 1984 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017