380 Green Acres Drive
About This Property
Thoughtfully designed for those who appreciate outdoor living, the property features welcoming front and back porches that invite you to relax with your morning coffee, unwind in the evenings, or simply take in the surrounding mountain air. Garden enthusiasts will appreciate the established garden space, while multiple outbuildings provide flexibility for storage, workshops, hobbies, homesteading, or equipment.
Whether you're dreaming of growing your own vegetables, keeping chickens, creating a studio space, or simply enjoying extra room to spread out, this property offers endless possibilities. Combining the charm of rural Madison County with the convenience of nearby town amenities, this is a place where you can slow down, enjoy the outdoors, and truly feel at home.
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Cap Rate Calculator
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 23, 2026 | Sold | ||
| Sold | |||
| Sep 30, 2026 | In contract | - | |
| In contract | |||
| Aug 12, 2026 | Listed by Nest Realty Asheville | $375,000 | |
| Listed by Nest Realty Asheville | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017