2631 N US 281 Highway
About This Property
For those with equestrian interests, there is a small roping pen and a horse barn equipped with a tack room. The outdoor spaces at both homes are designed for relaxation and entertainment, offering amenities like hot tubs, fire pits, and a large carport. Additional features include a storage shed, greenhouse, and RV hookups, making the property versatile and functional. The main house has been upgraded with a new HVAC system, ensuring comfort in all seasons. The property is self-sufficient with a reliable water well and two septic systems, while water lines run throughout the acreage. Situated in one of the fastest-growing areas in the USA, this property combines the charm of rural living with excellent investment potential.
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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 |
|---|---|---|---|
| Sep 1, 2026 | Price Decreased |
$899,000
↓ $50K
(5.3%) | |
| Price Decreased | |||
| Mar 10, 2026 | Price Decreased |
$949,000
↓ $50K
(5%) | |
| Price Decreased | |||
| Sep 26, 2024 | Price Decreased |
$999,000
↓ $75K
(7%) | |
| Price Decreased | |||
| Sep 1, 2024 | Listed by Topper Real Estate | $1,074,444 | |
| Listed by Topper Real Estate | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017