91 S 8th
About This Property
Experience the perfect blend of rustic charm and modern comfort in this captivating 4-bedroom, 2-bath log cabin nestled on 10.5 acres of peaceful countryside. The updated interiors feature freshly painted ceilings, new flooring, and modern doors, creating a welcoming and stylish ambiance. A fully renovated downstairs bathroom offers modern finishes, while the cozy stone fireplace with a wood-burning stove adds warmth and character. The spacious kitchen, equipped with stainless steel appliances and a convenient bar pass-through, is perfect for family gatherings and entertaining. The primary bedroom serves as a private retreat with his-and-her closets providing ample storage.
Outside, the property boasts a 9x14 shed with electricity for additional storage, and a HUGE versatile barn with three customizable stalls, and solid wood doors. Bonus spaces include an office, sunroom, and a large laundry room, offering plenty of flexibility to suit your lifestyle. Unwind on the front porch with a cup of coffee, taking in the pure beauty of the landscape, explore the expansive acreage, and enjoy the tranquility of country life while staying close to city conveniences.
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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 |
|---|---|---|---|
| Mar 3, 2025 | Sold | ||
| Sold | |||
| Jan 29, 2025 | In contract | - | |
| In contract | |||
| Jan 14, 2025 | Price Decreased |
$495,000
↓ $10K
(2%) | |
| Price Decreased | |||
| Jan 12, 2025 | Price Decreased |
$505,000
↓ $20K
(3.8%) | |
| Price Decreased | |||
| Dec 6, 2024 | Listed by Bray Real Estate Group- Abilene | $525,000 | |
| Listed by Bray Real Estate Group- Abilene | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017