1483 N Ranchette Road
About This Property
The home features a functional layout with ample space for families, entertaining, or simply enjoying quiet country living. Outside, the land is ideal for livestock, recreational use, or creating your own homestead setup. Kids have room to roam, ride, and explore, making it perfect for those wanting a little extra breathing room.
A standout feature is the large pole barn, with half already built out into a shop-ideal for storage, equipment, hobbies, or a workspace. Whether you're into farming, ranching, or need space for projects, this setup offers immediate value with room to expand. With Lake Texoma just minutes away, enjoy boating, fishing, beaches, and all the recreation the area is known for. Opportunities like this don't come often-combining acreage, functionality, and proximity to the lake in one unique package. If you've been searching for a home for sale near me with land, privacy, and lake access nearby, this property delivers the lifestyle you've been looking 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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017