120 Squirrel Hollow Drive
About This Property
Discover the perfect balance of nature, convenience, and opportunity with this 0.59-acre partially wooded lot nestled in the scenic foothills of Western North Carolina. Whether you're ready to build your dream home or seeking a smart investment, this property checks all the boxes.
Property Highlights:
Partially wooded – Enjoy natural privacy, shade, and scenic surroundings
Minutes from I-40 – Easy commute to Asheville and Hickory
Septic tank already installed – Ready for your build
Access to community well – No need to drill your own
Ideal for a permanent residence, vacation home, or rental
Quiet, accessible location with low traffic
This lot offers the perfect launching point for mountain living-without the remote isolation. Imagine morning coffee under the trees or easy weekend trips to the Blue Ridge Parkway, Lake James, or downtown Asheville.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017