1201 CR 178
About This Property
The 1,288 square foot home features 2 bedrooms, 1 beautifully remodeled bathroom, and an inviting open-concept layout that seamlessly connects the kitchen, dining, and living areas, creating a comfortable space for everyday living and entertaining. While the home is in good overall condition, it offers an excellent opportunity for a new owner to add their own personal touches and updates. A covered front porch provides the perfect spot to enjoy your morning coffee while taking in the peaceful, serene surroundings.
Outside, the property is well-equipped for country living. A large stock tank stocked with fish provides a scenic centerpiece while also serving as a reliable water source for livestock. Whether you're dreaming of horses, goats, chickens, or FFA and 4-H projects, there's plenty of room to make it happen. Wildlife is abundant, making this an ideal property for nature lovers and outdoor enthusiasts.
Additional improvements include a detached two-car garage with an attached workshop or office, a storage building, and a large circular driveway that makes maneuvering trailers, RVs, and other large vehicles a breeze. There is ample parking for an RV, boat-or both!
The central HVAC system provides heat, while the outdoor air conditioning condenser currently needs repair or replacement. In the meantime, four window units keep the home comfortable during the summer months.
Best of all, this property is priced well below the assessed value, making it an exceptional opportunity to own acreage at an incredible value. Properties like this don't come along often, so don't miss your chance to enjoy the space, privacy, and country lifestyle you've been searching for!
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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 |
|---|---|---|---|
| Aug 25, 2026 | In contract | - | |
| In contract | |||
| Aug 5, 2026 | Listed by Faith & Legacy Realty | $249,000 | |
| Listed by Faith & Legacy Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017