241 Bynum Lane
About This Property
From the welcoming front porch swing to the new flooring throughout, updated kitchen, and durable metal roof, this home is full of farmhouse charm. One of the water heaters has also been replaced within the last few years for added peace of mind.
The asphalt driveway leads to an impressive approximately 38' x 60' workshop with electricity and an existing office build-out that could easily be finished into a home office, hobby room, studio, business space, or whatever best fits your needs.
Outside, you'll find a fenced area for animals, a large chicken coop, and even the chickens can stay if the buyer would like them. Whether you're dreaming of a small homestead, room for projects, or simply a little extra space to enjoy the outdoors, this property offers endless possibilities.
The 20 ft round intex Pool and all equipment can stay or can be taken down but will need to be cleaned and refilled currently not in use. The refrigerator is less than a year old and can stay with an acceptable offer! Sellers are motivated and ready to move quickly, come check it out and bring us an offer!
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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 |
|---|---|---|---|
| Aug 7, 2026 | Sold | ||
| Sold | |||
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| Jul 13, 2026 | Price Decreased |
$334,900
↓ $5K
(1.5%) | |
| Price Decreased | |||
| Jul 7, 2026 | In contract | - | |
| In contract | |||
| Jul 2, 2026 | Listed by RE/MAX Big Country | $339,900 | |
| Listed by RE/MAX Big Country | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017