221 Horne Hill Road
About This Property
Just over an acre of beautiful, tree covered land, this property is the perfect setting to build your dream home. Peaceful and private, yet conveniently located, it offers the ideal blend of nature and opportunity.
The current 4 bedroom, 1 bath home is in need of significant repair - offering the choice to renovate and restore or start fresh and build new. Either way, this stunning lot is full of promise and potential.
Don't miss this rare find, a true gem waiting for its next chapter.
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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 |
|---|---|---|---|
| Nov 20, 2025 | Sold | ||
| Sold | |||
| Nov 12, 2025 | In contract | - | |
| In contract | |||
| Oct 30, 2025 | Listed by Graceland Real Estate | $125,000 | |
| Listed by Graceland Real Estate | |||
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About McLennan
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Last Updated: 12 months ago
Data Source: NTREIS MLS, MLS# 21099606
Details provided by NTREIS and may not match the public record
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017