398 Valley
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%.
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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 |
|---|---|---|---|
| Jan 22, 2026 | Sold | ||
| Sold | |||
| Sep 23, 2025 | Listed by Century 21 Farm & Forest | $310,000 | |
| Listed by Century 21 Farm & Forest | |||
| Jun 21, 2023 | Sold | ||
| Sold | |||
| Apr 14, 2023 | Listed by Century 21 Farm & Forest | $225,000 | |
| Listed by Century 21 Farm & Forest | |||
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This Country Ranch is located about a half-mile from the public beach of gorgeous Seymour Lake. The home has had some recent updates including an updated kitchen, new flooring and interior paint. The large kitchen is open to the dining room making it ideal for entertaining. Beyond the dining room is a cozy sitting area. On the south side of the house is a large living room with pine walls and many windows providing lots of light and passive solar heat. The main floor also has two bedrooms and a 3/4 bath. The basement is great for storage and may have potential to be finished. Heating is provided by a York high-efficiency propane furnace and hot water comes from a new electric hot water heater. Electric bills are kept low with the leased rooftop solar array. The lease is only $56.68/mo and provides most of the electric supply needed. Water is provided by a drilled well and the septic was just pumped in 2021. VAST and VASA trails are nearby, and you can keep your toys undercover in the garage with two attached lean-tos plus a detached shed. The open yard has great southern exposure lending itself to gardening and play. A small steam runs along the edge of the 0.62-acre lot. This home would make a great primary residence, vacation home, or a rental/investment property.
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| Jun 20, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017