315 Banjo Lane
About This Property
Inside, soaring vaulted ceilings, exposed beams, knotty pine walls, and a wood-burning stove create an atmosphere that is warm, inviting, and unmistakably authentic. Large windows fill the home with beautiful natural light, bringing the surrounding woods indoors and highlighting the craftsmanship throughout. The open-concept living, kitchen, and dining areas were designed for gathering, featuring distressed cabinetry, granite countertops, a generous island with bar seating, and a full suite of appliances.
The spacious bedrooms offer comfort and privacy, while the bathrooms feature granite vanities and soaking tubs. Concrete flooring throughout provides durability with easy maintenance, and the interior laundry room includes both washer and dryer.
Outside, covered decks, a fire pit, and a brand-new hot tub create the perfect place to unwind beneath the canopy of mature hardwoods. Surrounded by the beauty of the Ouachita National Forest, the property delivers the peaceful, tucked-away feeling buyers seek while remaining in one of Hochatown's most desirable locations.
Just minutes from Beavers Bend Safari Park, Hochatown Saloon, restaurants, entertainment, and area attractions, this central location offers convenience without sacrificing privacy. Whether enjoyed as a full-time residence, personal retreat, or future investment opportunity, this is a property that stands apart for its quality, care, and enduring appeal.
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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 16, 2026 | Price Decreased |
$518,800
↓ $100
(0%) | |
| Price Decreased | |||
| Oct 12, 2026 | Price Decreased |
$518,900
↓ $100
(0%) | |
| Price Decreased | |||
| Aug 18, 2026 | Price Decreased |
$519,000
↓ $10K
(1.9%) | |
| Price Decreased | |||
| Jul 3, 2026 | Listed by Monica Maynard | $529,000 | |
| Listed by Monica Maynard | |||
| Aug 2, 2025 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017