405 Old Highway 20 Highway
About This Property
The home has been recently refreshed with a new 30-year shingle roof over the house, a new standing seam metal roof over the back porch, fresh interior and exterior paint, new flooring and an HVAC system that was just went through a complete maintenance check. Inside, the remodeled kitchen features butcher block countertops and Samsung appliances, including a 1-year-old refrigerator, 1.5-year-old stove, and new dishwasher.
Both bathrooms have been updated as well. The spare bath includes a rock-walled shower installed about a year ago, a new toilet, granite countertop, and updated faucet. The primary bath has been newly remodeled with a tile shower, granite countertop, and updated faucet.
Outside, the property really stands out. The 3-bay shop giving you space for vehicles, equipment, storage, or hobbies. The barn is set up with 2 stalls, a wash rack, tack room/bar area, and a partially finished room. There is also a riding arena with a breeding pen, making the property well-suited for horses, livestock, or anyone needing functional acreage.
The front portion of the property is fenced pasture, while the back 4 acres remain untouched raw land, offering privacy, recreation, and future flexibility. This is a property built for someone who needs space that actually works.
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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 |
|---|---|---|---|
| Aug 10, 2026 | Price Decreased |
$649,000
↓ $50K
(7.2%) | |
| Price Decreased | |||
| Jun 6, 2026 | Price Decreased |
$699,000
↓ $16K
(2.2%) | |
| Price Decreased | |||
| May 19, 2026 | Listed by All City Real Estate Ltd. Co | $715,000 | |
| Listed by All City Real Estate Ltd. Co | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017