2827 Louis Road
About This Property
The property at 2827 Louis Rd offers a spacious 3-acre lot with several functional structures already in place. A operational in-ground pool is situated on the lot and can be restored for recreational use. A horse stable is available, making the property suitable for equestrian or hobby farming activities. Additionally, there is a shed providing extra storage and utility space.
The lot combines partially cleared areas with some natural landscaping, offering flexibility to customize the space. These existing features allow a new owner to develop it further or maintain the current amenities, creating a personalized retreat or residential setting.
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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 |
|---|---|---|---|
| Aug 21, 2026 | Sold | ||
| Sold | |||
| Aug 5, 2026 | In contract | - | |
| In contract | |||
| Jun 8, 2026 | Listed by Keller Williams Summit | $450,000 | |
| Listed by Keller Williams Summit | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017