15518 E State Hwy 222
About This Property
This diverse property features three stock tanks, portions of the Lake Creek river bed, productive farmland, and scenic breaks that provide excellent wildlife habitat and beautiful views throughout the ranch. Currently utilized for cattle and recreation, the property offers multiple possibilities for both personal enjoyment and investment.
Wildlife observed on the ranch includes turkey and waterfowl, with outstanding potential for whitetail deer, dove, and hog hunting. The varied terrain and water sources make this property highly attractive for both livestock and wildlife.
Whether you're searching for a working ranch, premier recreational property, hunting retreat, or long-term land investment, this ranch delivers versatility and opportunity in one exceptional package.
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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 |
|---|---|---|---|
| Sep 9, 2026 | Sold | ||
| Sold | |||
| May 14, 2026 | In contract | - | |
| In contract | |||
| May 12, 2026 | Listed by City Real Estate | $1,180,728 | |
| Listed by City Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017