402 Smith RD
About This Property
The beautifully renovated kitchen is the heart of the home, showcasing a large center island with breakfast bar seating, generous workspace, and an oversized walk-in pantry. Extensive updates also include the pantry and utility room, a remodeled hall bath, and an expanded primary suite complete with a walk-in closet, dual vanities, and a large walk-in shower with rainfall showerhead. The oversized utility room offers additional storage and a convenient utility sink.
Outdoor living is just as impressive with a sprawling covered front porch, a spacious screened sunroom overlooking the backyard, and an incredible flagstone outdoor kitchen featuring a bar and stove for entertaining. The property is surrounded by gorgeous mature trees and includes an automatic sprinkler system to help maintain the landscape.
Ideal for hobby farmers, equestrian enthusiasts, or anyone seeking room to roam, the property features a fenced garden with a greenhouse and gardening shed, a chicken run and coop, and a barn complete with two horse stalls, tack room or workshop, and an attached covered carport perfect for kayaks, RV equipment, trailers, or additional storage. A durable metal roof provides lasting peace of mind. 2 car detached garage and plenty of guest parking. Additional gated entry off Smith Rd that goes back toward the barn. Located just minutes from Bastrop Lake State Park, this exceptional property offers the tranquility of country living.
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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 1, 2026 | Listed by Redfin Corporation | $950,000 | |
| Listed by Redfin Corporation | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017