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15121 Ranch Road 2338 RNCH
About This Property
The property features a workshop with electricity, ideal for projects, hobbies, storage, or additional workspace. A chicken coop adds to the country charm and provides an opportunity for a more self-sufficient lifestyle. Newly planted trees add natural beauty to the property and offer the promise of shade and character as they mature. Come see the potential and make 15121 Ranch Road 2338 your own!
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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 6, 2026 | Listed by Connect Realty.com | $249,900 | |
| Listed by Connect Realty.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017