27161 State Highway 56
About This Property
The main residence features 2 bedrooms and 2 bathrooms, a large living room, and a generously sized kitchen. A spacious sunroom at the back of the home provides the perfect spot to relax and enjoy quiet afternoons. The layout also offers flexibility, as it could easily be converted back to a 3 bedroom home by reinstalling a wall that was previously removed to create a larger bedroom.
In addition to the main home, the property includes a separate guest house with 1 bedroom, 1 bathroom, and a living area. The guest house does require repairs but adds significant potential for extended living, rental income, or a private office space.
Situated on nearly one acre and located outside the city limits, this property provides room to spread out and enjoy a more relaxed setting. With the right vision and improvements, this could be a fantastic investment or forever home.
Don't miss this opportunity to add value and make it your own!
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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 |
|---|---|---|---|
| Jun 5, 2026 | Sold | ||
| Sold | |||
| Apr 27, 2026 | In contract | - | |
| In contract | |||
| Apr 19, 2026 | Listed by Patterson Real Estate | $250,000 | |
| Listed by Patterson Real Estate | |||
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About Grayson
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017