548 Highland Road
About This Property
The spacious primary suite features an ensuite bathroom with dual sinks, an oversized walk-in shower, a private water closet, and two walk-in closets. The two secondary bedrooms, carpeted for comfort, share a full bathroom and are located apart from the primary suite. A sunroom with heating and air conditioning offers a second living space filled with natural light, overlooking the large backyard. Outdoors, you'll find a 20 x 11 garden shed, chain-link fencing, and plenty of room to enjoy the open space. New roof February 2026. Texas theme window treatments removed at request of prior buyer & can be given to new buyer should they want them.
Additional highlights include a second garage with an attached carport for extra storage and parking, Clarity windows with a transferrable warranty, and recent updates such as a four-year-old HVAC system, a two-year-old hot water heater, and gutters replaced in 2025. This home blends rural charm with modern convenience, making it the perfect retreat in Springtown.
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Cap Rate Calculator
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 |
|---|---|---|---|
| May 19, 2026 | Sold | ||
| Sold | |||
| Apr 22, 2026 | In contract | - | |
| In contract | |||
| Mar 14, 2026 | Relisted | $450,000 | |
| Relisted | |||
| Jan 22, 2026 | In contract | - | |
| In contract | |||
| Nov 25, 2025 | Listed by Century 21 Mike Bowman, Inc. | $450,000 | |
| Listed by Century 21 Mike Bowman, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017