1440 Shepherd Street
About This Property
Welcome to 1440 Shepherd - a cozy and inviting 2-bedroom, 1-bath home that offers the perfect blend of peaceful country living with the convenience of town nearby. Nestled on a spacious lot, this charming home features a warm, cottage-style feel ideal for those seeking simplicity and comfort.
Inside, you'll find a functional layout with plenty of natural light, an open living area, and two comfortable bedrooms.
Enjoy the tranquility of wide-open spaces and the fresh country air - all without being too far from local amenities. Please note: the yard is not fenced, offering a blank canvas for your outdoor vision.
Whether you're looking for a starter home, weekend escape, or investment property, this cute country gem is full of potential.
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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 |
|---|---|---|---|
| Sep 10, 2025 | Sold | ||
| Sold | |||
| Jul 25, 2025 | In contract | - | |
| In contract | |||
| Jun 18, 2025 | Listed by HH Premier Realty, LLC | $185,000 | |
| Listed by HH Premier Realty, LLC | |||
| Mar 12, 2025 | No longer available | - | |
| No longer available | |||
| Feb 20, 2025 | Listed by Joseph Walter Realty, LLC | $149,000 | |
| Listed by Joseph Walter Realty, LLC | |||
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Cozy home at 1440 Shepard St. Features tile floors with some carpet, new hot water heater. Older roof. No garage, basement, or fence. Simple living in Hempstead.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017