15783 Highway 80
About This Property
The main brick home has 2,489 sq ft with 3 bedrooms, 2 baths, formal living and dining rooms, built-ins, a spacious kitchen, and a sunroom with central heat and air overlooking the property. Plenty of windows bring natural light into the home, and an oversized attached 2-car garage adds convenience.
Tucked among the trees, the second home has 1,288 sq ft with 1 bedroom, 2 baths, and a bonus room that could be used as an office or possibly a second bedroom. The home has a unique treehouse feel, a wraparound porch, and an elevator to the upper level that is large enough to accommodate a wheelchair. A 3-car garage beneath the home provides additional parking and storage.
The 1,750 sq ft insulated metal workshop has electricity and is plumbed for water, with plenty of space for equipment, projects, or storage. The acreage is currently used for hay production and also includes a pond and wet-weather creek, with room for horses, cattle, or simply enjoying the outdoors.
With its two homes, workshop, open acreage, and peaceful setting, this property offers plenty of possibilities for country living, multigenerational living, or having room for family and guests.
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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 |
|---|---|---|---|
| Oct 16, 2026 | Listed by KW-Cedar Creek Lake Properties | $1,450,000 | |
| Listed by KW-Cedar Creek Lake Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017