18220 HWY 178
About This Property
Discover laid-back ranch living on this beautiful 5-acre property featuring extensively rehabbed ranch-style home. Thoughtfully updated for comfort and style, this home blends rustic charm with a light, inviting feel perfect for those seeking space, simplicity, and a slower pace.
The single-level floorplan offers open-concept living, updated finishes, and plenty of natural light. Outside, enjoy wide-open spaces ideal for horses, livestock, gardening, or recreational use. With Hwy 178 frontage, you're just far enough out for peace and privacy, yet close enough for convenience. Whether you're starting a hobby farm, downsizing with room to breathe, or dreaming of your own slice of country paradise, this property offers a unique mix of function, freedom, and fun.Proximity to the lake and river provides one more reason to make call this home.
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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 |
|---|---|---|---|
| Apr 21, 2026 | Sold | ||
| Sold | |||
| Feb 11, 2026 | In contract | - | |
| In contract | |||
| Oct 27, 2025 | Listed by LPT Realty, Inc | $294,990 | |
| Listed by LPT Realty, Inc | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017