1066 Rumsey Hill Road
About This Property
Nestled amidst picturesque landscapes, this cabin-style property boasts a tranquil ambiance, making it an idyllic summer getaway. With one bedroom and one bathroom, it's the ideal size for a romantic retreat or a solo adventurer seeking solitude in nature's embrace.
Conveniently located just 30 minutes from both Ithaca and Watkins Glen, you'll have easy access to the vibrant cultural scene of Ithaca and the breathtaking natural wonders of Watkins Glen State Park. Additionally, the property is only 20 minutes away from Horseheads, providing even more amenities and attractions within reach.
For those who appreciate a touch of convenience, this property also features a one-car garage, providing storage space for vehicles or outdoor equipment.
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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 5, 2024 | Sold | ||
Sold | |||
May 22, 2024 | In contract | - | |
In contract | |||
Mar 15, 2024 | Listed by WARREN REAL ESTATE (Vestal) | $70,000 | |
Listed by WARREN REAL ESTATE (Vestal) |
Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
---|---|---|---|---|---|---|---|---|
03/15/2024
| |
1 Bed
|
1 Bath
|
-
|
$70,000
1 Bed
1 Bath
|
$65,000
-7.14%
09/05/2024
|
-
|
Robert Rackl
WARREN REAL ESTATE (Vestal)
|
Building Info
