631 County Road 447
About This Property
Discover this horse lover's dream! This estate features a 1 bed, 1.5 bath main house with an open floor plan, 23 ft ceilings, a fireplace, and a covered front porch. The kitchen includes an island, and the large master bedroom boasts walk-in closets and a hidden storage room. The master bath offers a beautiful walk-in shower. A ladder-accessible loft provides extra storage
The addition with 2 beds and 1 bath, shares a porch, ideal for rental income or family. Enjoy covered parking, a horse barn with four 12.5x10 stalls, a tack room with a pivoting saddle rack door, and a large shop with electricity. The back 9 acres is hay meadow and the front acreage pasture has oaks and pecan trees. There is a custom doghouse and the property is fully fenced, cross fenced with sandy loam soil, a round pen, three-sided loafing shed, and a donkey pivot. Perfect for horse trainers, income potential, or outdoor enthusiasts, with easy access to Rodeos via I-20
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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 |
|---|---|---|---|
| Aug 9, 2024 | Sold | ||
| Sold | |||
| Jul 10, 2024 | In contract | - | |
| In contract | |||
| Jul 6, 2024 | Listed by CLARK REAL ESTATE GROUP | $575,000 | |
| Listed by CLARK REAL ESTATE GROUP | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017