7660 Reed Road
About This Property
Outdoor living is just as impressive with an oversized 20x24 screened-in back patio, ideal for relaxing and enjoying peaceful country views. The property also includes a storm shelter. Additional property features include a 50x30 barn with water and electricity ready for livestock, an established Coastal Bermuda pasture for grazing, and an RV cover with a concrete pad, water, and electricity hookups. The main home is serviced by community water, while the shop, guest quarters, barn, pasture, pond, and RV hookups are supported by a private well. The property also includes two separate septic systems, providing flexibility for the home and guest quarters. This property offers a rare opportunity to enjoy peaceful country living with modern updates and room to grow.
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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 |
|---|---|---|---|
| Apr 23, 2026 | Sold | ||
| Sold | |||
| Mar 28, 2026 | In contract | - | |
| In contract | |||
| Mar 27, 2026 | Price Decreased |
$749,000
↓ $26K
(3.4%) | |
| Price Decreased | |||
| Mar 20, 2026 | Price Decreased |
$775,000
↓ $10K
(1.3%) | |
| Price Decreased | |||
| Mar 12, 2026 | Listed by Trinity Group Realty | $785,000 | |
| Listed by Trinity Group Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017