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218 Brown Road
About This Property
The main level features a classic layout with comfortable living areas, including a living room with a fireplace equipped with gas logs, along with a functional kitchen and dining space. Two heat pump systems, one for the main level and one for the basement, provide efficient climate control throughout.
Downstairs, the full basement offers substantial additional space not included in the heated square footage due to ceiling height. This level includes a second kitchen, additional living area, and multiple rooms with closets, making it well-suited for hobbies, workspace, or extended living needs. A second fireplace with a wood stove insert adds to the versatility of the space.
Outdoor features include both covered and open deck areas, ideal for relaxing or entertaining, along with a well-established yard on the over-acre lot. Septic is permitted for 3 bedrooms, and some furnishings may be available for purchase.
This property offers a solid structure, usable space, and room to make it your own on a rare oversized lot in a convenient Hendersonville location.
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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 25, 2026 | Price Decreased |
$620,000
↓ $20K
(3.1%) | |
| Price Decreased | |||
| Jun 29, 2026 | Price Decreased |
$640,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Apr 24, 2026 | Listed by Keller Williams Biltmore Village | $650,000 | |
| Listed by Keller Williams Biltmore Village | |||
| Sep 26, 2025 | In contract | - | |
| In contract | |||
| May 21, 2025 | Price Decreased |
$689,900
↓ $60K
(8%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017