40
Map
767 County Road 1218
About This Property
Situated on 15 acres surrounded by woods, the property features cleared trails, a stocked pond with a pier, a fenced garden, a chicken or small livestock pen, and a large open lawn. Additional amenities include a standalone, climate-controlled cabin with a half bath (functional space for an office or guests); a 2-car carport; a workshop with 240V wiring and covered RV parking; an aerobic septic system that irrigates the front lawn; and a low-maintenance concrete driveway suitable for basketball or rollerblading.
Additionally, the property holds 3 documented years of agricultural use history, positioning the next owner well toward a 1-d-1 Ag valuation. This property has the perfect balance: plenty of room to roam, high-function workshop space, and peaceful rural living close to town.
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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 23, 2026 | Price Decreased |
$590,000
↓ $30K
(4.8%) | |
| Price Decreased | |||
| Sep 10, 2026 | Listed by Beycome Brokerage Realty LLC | $620,000 | |
| Listed by Beycome Brokerage Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017