125 County Road 655
About This Property
The property includes a 1,200± sqft rustic 2BR 2BA house with a wood-burning fireplace and front,back porches. Attached is a 1,220± sqft workshop with a bonus room, 1BA, two large roll-up doors, and two walk-in doors. There is also a 290± sqft detached apartment with a bathroom. An old Aermotor windmill adds charm, and water is provided by Steamboat Mountain Water with three wells, one in use.
The ranch has a mix of pasture and brush, with post oaks, red oaks, and cedar trees for privacy. Buffalo Gap Ranchette offers country living with a well-maintained house, versatile workshop, and scenic surroundings.
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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 |
|---|---|---|---|
| May 21, 2025 | Sold | ||
| Sold | |||
| Jul 15, 2024 | Listed by Bar T Realty, LLC | $409,000 | |
| Listed by Bar T Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017