54120 Barneston Lane
About This Property
The main residence offers approximately 1,360 square feet with 2 bedrooms and 2 bathrooms. The open-concept great room creates a comfortable central living space, featuring a fireplace and seamless flow into the dining and kitchen areas. The kitchen is equipped with stainless-steel appliances, while both the kitchen and bathrooms have been recently updated. Luxury vinyl plank flooring adds a clean, modern finish throughout.
Step outside onto the Trex wraparound deck with cedar railing and enjoy the expansive covered portion overlooking the property. The cross-fenced back yard features mature trees and grassy areas, creating an inviting outdoor setting.
A major highlight is the impressive 40x40 steel workshop, featuring 16-foot walls and 24 foot ceiling at the peak, electricity, and water. Attached to the shop is an approximately 400-square-foot studio apartment with a kitchen area, mini-split climate control, and a full bathroom-ideal for guest accommodations, extended family, a workspace, or additional living flexibility.
The property is further enhanced by mature trees, fenced garden area, playground, one shipping container, and two sheds. One of the sheds has been converted into additional guest quarters complete with a bathroom.
Additional features include a well pump replaced approximately five years ago and a Triple O whole-house water filtration system. With its usable acreage, substantial workshop, guest accommodations, outdoor improvements, and move-in-ready condition, this property offers a rare combination of comfort, functionality, and flexibility. Turn-key and ready for its new owner!
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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%.
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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 10, 2026 | Listed by HomeSmart Realty West | $589,000 | |
| Listed by HomeSmart Realty West | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017