16609 N US Highway 377
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%.
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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 |
|---|---|---|---|
| Apr 12, 2024 | Sold | ||
| Sold | |||
| Mar 13, 2024 | No longer available | - | |
| No longer available | |||
| Feb 13, 2024 | Listed by Texas Majestic Realty, dba Majestic Realty Group | $1,350,000 | |
| Listed by Texas Majestic Realty, dba Majestic Realty Group | |||
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Seller financing Optional!! Exquisite turnkey horse property. Beautiful 4 bedroom, 4 bath custom home nestled in the trees surrounded by green coastal pastures. Pool is beautifully landscaped with diving board. Breathtaking views off the back porch set up for entertaining. Aprox. 23 acres. Custom kitchen with gas range, granite countertops, built in appliances, and breakfast nook. Separate dining room. Wood burning insert stove, built in shelves. Large master bedroom, two walk in closets, double vanity with jetted tub and separate shower. Office with Jack n Jill bathroom. Large bedroom with bathroom upstairs. Immaculate horse barn with 7 stalls, horse stocks, tack room, runs off the side and 4 more covered runs. Studio barn apartment currently rented. Several horse pastures. This horse ranch also have two insulated sheds with roll up doors and 3 more horse pens with shed. Two Wells. Property is fenced for horses and cattle. Barn Apartment rented for $1250. Paved Driveway. The manager has listed the unit size as 4044 square feet.
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| Oct 12, 2023 | Listed by Majestic Realty Group | $1,799,000 | |
| Listed by Majestic Realty Group | |||
| Jul 9, 2017 | Listed | $999,999 | |
| Listed | |||
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Beautiful 4 bedroom 4 bath 2 story brick home. The ranch sits on 42 acres with barn, large house, barn apartment, guest house, pool, picnic area with hookups for Mobile home, fishing tank, along small river, and wide open pastures. Two shops are fully insulated with power. One shop 29x20, has water with 2 horse runs and covered parking. The 2nd shop is fully insulated 24x18 with roll up door. Guest house has new carpet in bedroom, tile floors, updated, and is currently rented. The barn apartment is a one bedroom one bath with tile floor. Barn features 6 stalls, one over sized stall, tack room, wash rack, and additional 4 runs under shelter. 4 wells total, Peach & Pecan Trees. Pipe Fence. Updated PoolThe manager has listed the unit size as 3204 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017