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1503 E MALAGA ROAD
About This Property
The living room provides a comfortable gathering space, while the great room just off the kitchen offers additional room to relax and entertain, complete with a cozy fireplace that creates a warm and welcoming atmosphere.
Outside, the property truly shines with plenty of room to enjoy the outdoors, garden, keep animals, or pursue your country-living dreams. The property includes a detached garage, storage shed, and an animal outbuilding, providing excellent flexibility for hobbies, equipment, storage, or agricultural uses. Expansive open space and pasture transition into wooded areas, creating a peaceful setting with a variety of possibilities.
Whether you're looking for a small farm, hobby property, or a place to enjoy the quiet of the country, this property offers space, character, and versatility. Come explore all that this farmhouse and its surrounding acreage have to offer! Being sold in the as is condition.
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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 11, 2026 | Listed by RE/MAX at Home | $425,000 | |
| Listed by RE/MAX at Home | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017