5835 Kreps Road
About This Property
The charming 5-bedroom, 3-bath home is full of character and ready for your personal updates and vision. A fully finished walk-out basement features a second kitchen, laundry area, and fireplace-ideal for multi-generational living, guest quarters, or additional entertaining space.
Designed with horses in mind, the property includes 10 stalls, a tack room, wash pit with hot water, hay storage, arena, and a smaller indoor riding area. Multiple fenced pastures each feature dedicated run-in sheds with water and power, and all rear pasture fencing has been recently replaced with electrobraid and new gates & posts. Additional improvements include an RV shed with dedicated power and 50-amp hookup, chicken coop, workshop/storage building, and a creek along the rear property line.
Enjoy the privacy and peaceful setting while being within walking distance of the popular Field Day Park sports complex. Acreage in this location is increasingly difficult to find, and the property is zoned for the new Lake Wylie High School. Whether you're looking for an established horse farm or a unique property with room to grow, this exceptional offering combines location, functionality, and opportunity.
(10) 12x12 stalls
(5) 25'x12' run in sheds with power and water in each
90'x145' arena
40' x30' RV shelter with dedicated meter, water and 50 amp hook up
12'x'12' tack room with power and water
9'x36' stud run off barn
Trails around perimeter of property
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017