401 Airport RD
About This Property
1,861 Sq ft home with additional 1,200 Sq feet for deck, car port, storage and porch, built in 2008. Pier and beam foundation Hardy Siding on exterior walls, metal roof in good condition. Property has an additional 2,014 sq ft of storage, barns and greenhouse. This property contains 8.2 acres with a portion of the acreage and home site located next to the Gage Gardens. This property is bounded on the east by US 385 and to the south by Airport Road.
Security fence and privacy fence on home site acreage, balance of acreage is pasture fenced.
Property has water well with 10.0+ GPM water production. House has connection to be supplied by water well. Marathon Water Company water and sewer connections.
Home is propane hot water, furnace and cooking appliance. Generac propane backup electric generator with automatic start and change over for power outages. Has owned 250 gallon propane tank and secondary non-owned 500 gallon propane service supply tank.
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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 |
|---|---|---|---|
| Sep 17, 2026 | Price Decreased |
$370,000
↓ $20K
(5.1%) | |
| Price Decreased | |||
| Sep 9, 2026 | Listed by Beycome Brokerage Realty LLC | $389,679 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Mar 19, 2020 | No longer available | - | |
| No longer available | |||
| Mar 8, 2020 | Relisted | $263,000 | |
| Relisted | |||
| Jan 23, 2020 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017