31385 Scott Road
About This Property
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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 |
|---|---|---|---|
| Oct 28, 2024 | Sold | ||
| Sold | |||
| Aug 5, 2024 | Listed by HomeSmart Realty West | $900,000 | |
| Listed by HomeSmart Realty West | |||
| Feb 17, 2023 | No longer available | - | |
| No longer available | |||
| Feb 10, 2023 | Listed by HomeSmart Realty West | $699,000 | |
| Listed by HomeSmart Realty West | |||
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Who is looking for a log cabin on 4.25 acres of land in the path of development on Scott Rd? Think Little house on the prairie meets Winchester in 2023. This improved horse property is an outstanding buy and this is the first time this unique property has ever been listed for sale. The real log cabin is 1944 square feet in size with 2 bedrooms and 2 bathrooms. Additional room downstairs could easily be used as 3rd bedroom. The home is rustic but has all the amenities of home. There is a wraparound covered porch to add to the ambiance as well as wood burning fireplace in living room and antique stove in kitchen. The two legal lots totaling 4.25 acres of land are all flat and usable fully fenced and cross fenced. There is an absolutely enormous metal building barn with 3 horse stalls/shelters as well as possibility of caretaker quarters and a separate huge hay storage barn. There are 3 pastures with basic shelters. Mature landscaping around home and barns and about half of the property. The water source is a private well. Be sure to check out the virtual tour with video! The manager has listed the unit size as 1944 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017