8378 County Road 358
About This Property
Nestled among a beautiful mix of mature trees, the property offers privacy and serenity while delivering an impressive lineup of amenities. Multiple outbuildings and shops, each with water and electric, provide room for equipment, hobbies, or business use. A covered RV hookup, covered parking, and a 6 person storm shelter round out the practical extras. The fully fenced acreage gives livestock plenty of room to roam, while wooded areas to the east offer excellent hunting opportunities for deer, turkey, and hogs. The main home features 3 bedrooms and 2 bathrooms in an open concept layout designed for comfortable living. The spacious living area centers around a wood burning fireplace, while the kitchen offers generous prep and storage space. A dedicated laundry room even accommodates an additional freezer, ideal for hunters or homesteaders. Large windows throughout bring in the scenic views from nearly every room. The guest house adds tremendous flexibility, complete with a kitchenette and full bathroom, perfect for extended family, visitors, or as a rental unit. With the potential for up to 5 tenants across the property, the income possibilities are real and ready to explore. Location adds even more value. Strategically situated between an AI data center, a solar farm, and Dyess AFB, making this an exceptional opportunity for those looking to capitalize on the area's growing demand for housing and short term rentals. Space. Versatility. Opportunity. This one has it all.
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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 |
|---|---|---|---|
| Sep 28, 2026 | Sold | ||
| Sold | |||
| Aug 17, 2026 | In contract | - | |
| In contract | |||
| Jul 11, 2026 | Price Decreased |
$450,000
↓ $49K
(9.8%) | |
| Price Decreased | |||
| Jun 22, 2026 | Price Decreased |
$499,000
↓ $51K
(9.3%) | |
| Price Decreased | |||
| Apr 23, 2026 | Price Decreased |
$550,000
↓ $200K
(26.7%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017