2891 Mcalpin Road
About This Property
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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%.
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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 |
|---|---|---|---|
| Oct 3, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Sep 18, 2025 | Price Decreased |
$665,000
↓ $10K
(1.5%) | |
| Price Decreased | |||
| Aug 22, 2025 | Listed by Watters International Realty | $675,000 | |
| Listed by Watters International Realty | |||
| | |||
|
Discover this well-maintained 3-bedroom, 2-bath home set on nearly 4 acres. Offering 2,568 sq. ft. of living space, this one-story property combines country living with modern updates and thoughtful design.
The open floor plan features two spacious living areas with crown molding, a dining-kitchen-living combo, and an updated kitchen with a large island, pantry, double oven, and eat-in dining area. A cozy fireplace with a wood-burning stove insert manufactured by Ashley, equipped with a blower and thermostat, anchors the main living room, while a separate family room provides additional gathering space. A private office adds flexibility for working from home.
The split-bedroom layout ensures privacy. The primary suite boasts a tray ceiling, ensuite bath with single vanity, jetted tub (motor not in working order), separate shower, and dual walk-in closets. Two additional bedrooms are located on the opposite side of the home, with all bedrooms carpeted and the primary carpet needing minor threshold repair.
Outdoor living includes a covered patio overlooking the in-ground pool and hot tub, perfect for entertaining. The rebuilt pool pump is housed in one of the sheds. While stained cement flooring offers durability and style, some finish spots will eventually need replacement. The backyard is fully fenced and features additional sheds, including one insulated and powered, with a ceiling fan and window unit, ideal as a craft room or guest space.
Additional highlights include a 2-car side-entry garage and the convenience of two water heaters serving each side of the home. Recent updates include a new roof, rebuilt pool pump, water heater, dishwasher, double oven, new garage door, updated fencing, and serviced septic system, along with updated fans and refreshed flooring.
With no HOA and horses or livestock allowed, this home offers the freedom to create the lifestyle you want with the space and privacy of nearly 4 acres.
| |||
| Feb 8, 2022 | No longer available | - | |
| No longer available | |||
| Feb 7, 2022 | Sold | ||
| Sold | |||
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About Ellis
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$2,450 /mo
- 4 Beds
- 2 Baths
- 1,653 ft²
$2,450 /mo
- 4 Beds
- 2 Baths
- 1,653 ft²
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017