5606 Highland Road
About This Property
Sitting on a spacious lot, the property includes a large air conditioned and insulated workshop (50' x 30') perfect for contractors, hobbyists, mechanics or anyone needing extra storage and workspace. With power already in place, it's ready for tools, equipment, or even a future business setup. It includes an electric RV hook up, hot tub and green house.
Inside, the home offers a warm inviting layout with plenty of natural light. The kitchen offers custom cabinetry with plenty of space for entertaining and comfortable living areas. Outside, you'll find room to spread out - ideal for projects, parking, gardening, or simply enjoying the quiet Santa Fe 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 |
|---|---|---|---|
| Sep 4, 2026 | Price Decreased |
$540,000
↓ $20K
(3.6%) | |
| Price Decreased | |||
| Aug 26, 2026 | Price Decreased |
$560,000
↓ $20K
(3.5%) | |
| Price Decreased | |||
| Aug 7, 2026 | Listed by eXp Realty LLC | $580,000 | |
| Listed by eXp Realty LLC | |||
| Sep 29, 2023 | Sold | ||
| Sold | |||
| Jun 19, 2023 | Listed by RE/MAX The Woodlands & Spring | $475,000 | |
| Listed by RE/MAX The Woodlands & Spring | |||
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This warm and peaceful property on 3 ACRES stands out for its mature oak trees that line the 400-foot driveway with a variety of majestic trees, including oaks, pecans, and fruit trees! Inside the home, a welcoming atmosphere is created by abundant natural light and updated features. This home has tile wood flooring thru out, recent paint, recent ceiling fans and updated electric & HVAC make this a true turn key home! The kitchen is designed for every day use with many updates such as SS appliances, granite countertops, sleek cabinetry, recessed lighting and picture window to the backyard. Outdoors, you can enjoy the expansive covered porch, an electric RV hookup, an invisible fence expertly installed by Doggie Do Right, and a spacious 50x30 metal shop that offers ample space for outdoor equipment and storage. All of this is set on a generous 3 acre lot and no utility easements!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017