6040 Hwy 438 W
About This Property
Inside, tall ceilings lend an airy, gracious feel, while painted plank walls and walnut wood on select walls and ceilings add warmth, texture, and a beautifully timeworn quality. The entry is especially inviting, framed by sidelights and an arched transom that reflect the architectural style and craftsmanship of the period. The eat in kitchen features warm wood cabinetry and large windows overlooking the surrounding greenery, bringing the outdoors into the heart of the home. One bedroom includes a decorative fireplace mantel, preserving another charming reminder of the home's early architecture. Central heating and air conditioning provide modern comfort while original feeling details throughout the home create a sense of continuity and history, allowing its 1910 character to remain at the forefront while modern conveniences make everyday living comfortable.
Outside, an old barn, mature trees, open lawn, and the gently flowing creek create a peaceful rural setting with plenty of room to garden, gather, explore, or simply enjoy the quiet surroundings. With its combination of historic character, natural beauty, and inviting outdoor spaces, this 1910 home offers a rare sense of warmth, authenticity, and connection to the land.
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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%.
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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 24, 2026 | Price Decreased |
$199,900
↓ $10K
(4.8%) | |
| Price Decreased | |||
| Sep 26, 2026 | Listed by Keller Williams Realty Nashville/Franklin | $209,900 | |
| Listed by Keller Williams Realty Nashville/Franklin | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017