304 BLUE GRASS LANE
About This Property
Recent improvements provide added value and peace of mind, including a radon mitigation system (2026), new luxury vinyl plank flooring throughout the lower level (2026), a new stainless steel refrigerator (2026), water heater (2024), basement waterproofing (2022), and a roof replacement (2020).
Outdoors, the 3.18-acre property is thoughtfully equipped with a stable, pole barn, loafing barn, machine barn, woodshop, and metal shop, offering exceptional flexibility for a variety of permitted uses, projects, equipment storage, or workshop needs. With a unique combination of indoor comfort, functional outbuildings, and generous open space, this property presents a rare opportunity to enjoy country-style living while remaining conveniently located near local amenities, shopping, dining, and commuter routes.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017