15816 MULLINS BOULEVARD
About This Property
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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 |
|---|---|---|---|
| May 22, 2026 | Sold | ||
| Sold | |||
| Apr 14, 2026 | In contract | - | |
| In contract | |||
| Apr 3, 2026 | Listed by DOWN HOME REALTY, LLLP | $415,000 | |
| Listed by DOWN HOME REALTY, LLLP | |||
| Aug 26, 2025 | Price Decreased |
$425,000
↓ $25K
(5.6%) | |
| Price Decreased | |||
| Jul 22, 2025 | Listed | $450,000 | |
| Listed | |||
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Nestled on over 9 acres of serene countryside, this concrete block home offers endless possibilities. The residence features a brand-new metal roof and provides a solid foundation for customization with just a little TLC. The expansive property is bordered by large pastures, creating a peaceful and private setting. A 40' x 60' pole barn offers abundant space for storage, equipment, or future projects. With its ideal combination of land, location, and potential, this property is perfect for those seeking a rural lifestyle or an investment opportunity.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017