38295 Indian Road
About This Property
Utilities are already in place with electric service and a water well on site, offering a valuable head start for development. Surrounded by wide-open skies and natural beauty, the property provides the space and privacy many buyers are seeking.
Whether you're looking to build a full-time residence, a weekend retreat, or invest in land in a growing rural community, this property offers both scenic beauty and practical potential. Come experience the views and possibilities this unique property has to offer.
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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 |
|---|---|---|---|
| Jul 17, 2026 | Relisted | $168,000 | |
| Relisted | |||
| Jun 21, 2026 | In contract | - | |
| In contract | |||
| May 13, 2026 | Relisted | $168,000 | |
| Relisted | |||
| Mar 24, 2026 | In contract | - | |
| In contract | |||
| Mar 13, 2026 | Listed by HomeSmart Realty West | $168,000 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017