5006 County Road 242
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%.
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 |
|---|---|---|---|
| Oct 3, 2023 | Sold | ||
| Sold | |||
| Aug 9, 2023 | Listed by Luxe West Realty | $500,000 | |
| Listed by Luxe West Realty | |||
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Bring your horses!! Are you searching for a horse property with stalls, panel ARENA, and equipment barn just minutes to Stephenville on 13+ acres? THIS IS IT. This darling cabin-style ranch home has endless possibilities with an at-home workspace attached to the main home. House has A BRAND NEW ROOF. This home is located only 5.5 miles outside of Stephenville on a paved road. Featuring 3 bedrooms, 2.5 bathrooms, wood-burning stove in the kitchen, the living room features a stone fireplace and high ceilings, with the additional room equipped with a separate office area that has endless possibilities for your at-home office, playroom, or an easy convert to a guest apartment. Detached 96’x24’ equipment barn with three large bays, plus a barn with four horse stalls. Large trees on the property. Improved pasture with Coastal grass. AG Exempt Property and no restrictions!
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| Aug 8, 2023 | No longer available | - | |
| No longer available | |||
| May 22, 2023 | No longer available | - | |
| No longer available | |||
| May 22, 2023 | Listed by Canda Rasberry Team LLC | $555,000 | |
| Listed by Canda Rasberry Team LLC | |||
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Bring your horses!! Are you searching for a horse property with stalls, panel ARENA, and equipment barn just minutes to Stephenville on 12.5 acres? THIS IS IT. This darling cabin-style ranch home has endless possibilities with an at-home workspace attached to the main home. House has A BRAND NEW ROOF. This home is located only 5.5 miles outside of Stephenville on a paved road. Featuring 3 bedrooms, 2.5 bathrooms, wood-burning stove in the kitchen, the living room features a stone fireplace and high ceilings, with the additional room equipped with separate cubicles that has endless possibilities for your at-home office, playroom, or an easy convert to a guest apartment. Detached 96’x24’ equipment barn with three large bays, plus a barn with four horse stalls. Large trees on the property. Improved pasture with Coastal grass. AG Exempt Property! Awesome income-producing property as well. Currently being rented. The manager has listed the unit size as 3575 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017