551 Sanger Drive
About This Property
This beautiful homestead offers space, functionality, and endless potential. Situated on 7.6 AG-exempt acres, it's ideal for gardening, raising animals, or expanding your dream rural retreat. The spacious, updated home features four bedrooms, including a versatile fourth bedroom that can serve as a home office. The primary suite includes a dual bathroom setup along with a large walk-in closet. You'll also find custom trim work, shiplap accents, barn doors, and other thoughtfully designed details throughout. New metal roof and energy-efficient windows, offering long-term value and improved comfort. Whether you're looking to start a hobby farm, raise livestock, grow crops, or simply enjoy wide-open spaces, this property offers the freedom to live your rural lifestyle. The improved pastures are perfect for cattle, horses, chickens-bring all your farm animals.
The property also features a 42x60 barn with stalls, a 24x30 workshop with electricity, a 10x16 storage shed with electricity, and a 50 Amp RV hookup for added convenience. Whether you're a seasoned rancher, an aspiring homesteader, or simply someone looking to live off the land, this property is a rare opportunity to bring your vision to life in a peaceful rural setting.
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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 |
|---|---|---|---|
| Oct 1, 2025 | Sold | ||
| Sold | |||
| Aug 23, 2025 | In contract | - | |
| In contract | |||
| Aug 8, 2025 | Price Decreased |
$419,900
↓ $100
(0%) | |
| Price Decreased | |||
| Jul 28, 2025 | Price Decreased |
$420,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
| Jul 9, 2025 | Price Decreased |
$430,000
↓ $10K
(2.3%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017