28
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8765 HWY 279 hwy 279
About This Property
Situated on approximately half an acre, the property feels even larger thanks to its mature trees and elevated hilltop setting. Enjoy a beautiful view of Lake Brownwood, including a clear sightline to the famous castle in the distance. You're just minutes from the lake, giving you quick access to fishing, boating, and recreation.
The property also includes four covered parking spaces across three carports, with convenient storage attached. With updated interiors, spacious outdoor areas, and stunning views, this home offers the perfect blend of comfort, charm, and lake-area living.
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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 |
|---|---|---|---|
| Oct 12, 2026 | In contract | - | |
| In contract | |||
| Aug 3, 2026 | Relisted | $249,950 | |
| Relisted | |||
| Jul 26, 2026 | No longer available | - | |
| No longer available | |||
| Mar 9, 2026 | In contract | - | |
| In contract | |||
| Dec 1, 2025 | Price Decreased |
$249,950
↓ $10K
(3.9%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017