2313 N Shanks Road
About This Property
Are you yearning for a life closer to nature, where you can live sustainably and in harmony with the land? Look no further than this exceptional opportunity to purchase 12.5 acres of pristine countryside to establish your dream homestead. This acreage provides the canvas upon which to create a truly sustainable lifestyle. With ample space to cultivate your own organic produce, raise livestock, and implement renewable energy solutions, this parcel of land offers endless possibilities for self-sufficiency and eco-friendly living. Embrace the tranquility of rural living while making a positive impact on the environment – invest in your future and the future of the planet by starting your sustainable homestead today. Two structures on the property help you get started, one for storage and keeping your RV/mobile home protected the other to provide protection for your live stock.
All that with the convenience of still living in town!
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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 |
|---|---|---|---|
| Jan 9, 2026 | Price Decreased |
$449,000
↓ $50K
(10%) | |
| Price Decreased | |||
| Mar 25, 2024 | Listed by Birdsong Real Estate | $499,000 | |
| Listed by Birdsong Real Estate | |||
| Jan 11, 2024 | No longer available | - | |
| No longer available | |||
| Jan 5, 2024 | Price Decreased |
$245,000
↓ $24K
(8.9%) | |
| Price Decreased | |||
| Dec 16, 2023 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017