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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 |
|---|---|---|---|
| Nov 4, 2023 | No longer available | - | |
| No longer available | |||
| Sep 4, 2023 | Listed by WHITETAIL PROPERTIES REAL ESTATE LLC | $217,000 | |
| Listed by WHITETAIL PROPERTIES REAL ESTATE LLC | |||
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Farming and hunting property in Salem NY with trails, views, a stream and excellent building locations. Endless recreational opportunities abound on this incredible 84-acre property with the perfect setting to build your dream farm, home or cabin. The property consists of a mixture of overgrown pastures and timber with thick hedgerows and several natural funnels. The terrain runs uphill from the road to a ridge that extends through the middle of the property. There are roughly 17 acres of overgrown fields towards the front of the property that could be reclaimed for tillable acreage or pastures with some clearing of brush and small trees. Several acres have been recently cleared by the seller. The southern boundary of the property is marked by a stone wall. The back of the property along the western boundary is marked by a stream that runs year-round and expands in some areas to a wetland. Hemlock trees line the bank of the stream forming a quiet and peaceful sanctuary. Hunters take notice, there are multiple natural funnels where heavy deer trails show consistent use including a natural gulley in the southwest corner of the property. Several very secluded openings could set up incredibly well for food plots. The trail network throughout the property provides excellent access to stands or blind locations. Apple trees scattered throughout the property provide bountiful fruit for deer and other wildlife. Thick cover and browse provide excellent bedding and security. The timber consists of a mixture of soft and hardwood trees including Ash, Beech, Maple, Hemlock and White Pine. Set among the sections of mature timber are lush stands of ferns that carpet the forest floor. There is a driveway on the southern end of the property that leads up to a small hill and the perfect building location. Beautiful mountain views looking east provide the perfect backdrop to build your dream home or cabin. Bring your horses, or start your own hobby farm this property has everything to enjoy the outdoors with endless opportunities. Contact me today for more information or to schedule your own private showing. Property is being subdivided from larger 86.2 acre parcel. Adjoining 2-acre parcel with farmhouse also available, inquire with listing agent for more details. All showings are by appointment only and potential buyers must present proof of funds or pre-approval for confirmation of appointment.
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| Nov 2, 2015 | Sold | ||
| Sold | |||
| Aug 26, 2015 | Listed by Preble Realty LLC | $22,900 | |
| Listed by Preble Realty LLC | |||
| Jan 15, 2010 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017