42850 Maries Road 638
About This Property
The cabin includes two areas currently used by the owners for sleeping, a bathroom with plumbing, a kitchen area, living space, covered front porch, and a metal roof. The property has previously been used as a homestead and includes a well, pond, and electricity already in place. Additional improvements include two large hoop buildings (negotiable), along with an established strawberry patch. The combination of open areas and wooded acreage provides opportunities for a variety of recreational and agricultural uses.Whether you're looking for a recreational property, a weekend retreat, a future homesite, or acreage for hobby farming or homesteading, this property offers existing infrastructure and a private setting to accommodate a variety of needs. Buyers are encouraged to verify all information important to their intended use of the 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%.
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 25, 2026 | In contract | - | |
| In contract | |||
| Sep 18, 2026 | Price Decreased |
$143,000
↓ $2K
(1.4%) | |
| Price Decreased | |||
| Sep 5, 2026 | Price Decreased |
$145,000
↓ $5K
(3.3%) | |
| Price Decreased | |||
| Aug 5, 2026 | Price Decreased |
$150,000
↓ $10K
(6.3%) | |
| Price Decreased | |||
| Jul 24, 2026 | No longer available | - | |
| No longer available | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017