5499 Smiser
About This Property
The land is well-suited for equestrian use, offering dependable footing and usability year-round, along with strong access for trailers and hauling.
The ranch-style home features 3 bedrooms and 3 bathrooms with a practical, open-concept design. A true working mudroom with a built-in shower makes clean-up after long days effortless. Inside, 10-foot ceilings run throughout the home, while the primary suite stands out with soaring 20-foot ceilings, creating an open, airy retreat with abundant natural light.
Built for efficiency and reliability, the home includes a manifold plumbing system for streamlined water distribution and two water heaters to support the demands of a working property. Major improvements include a roof replaced approximately three years ago and HVAC systems updated around the same time.
This property strikes the perfect balance between a functional horse setup and comfortable on-site living-ready to support both everyday operations and a true ranch lifestyle.
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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 |
|---|---|---|---|
| Jun 13, 2026 | In contract | - | |
| In contract | |||
| Jun 3, 2026 | Price Decreased |
$499,000
↓ $16K
(3.1%) | |
| Price Decreased | |||
| May 22, 2026 | Price Increased |
$515,000
↑ $16K
(3.2%) | |
| Price Increased | |||
| May 5, 2026 | Listed by Epique Realty | $499,000 | |
| Listed by Epique Realty | |||
| Feb 13, 2003 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017