157 Thamon Road
About This Property
Nestled near a lake, the property provides a tranquil setting for single-family homes, modular homes, or even multi-family housing, with density flexibility. It's a rare opportunity to create a peaceful community or personal estate amidst Shelby's natural beauty.
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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 |
|---|---|---|---|
| Feb 26, 2025 | Sold | ||
| Sold | |||
| Dec 6, 2024 | In contract | - | |
| In contract | |||
| Nov 11, 2024 | Listed by Beycome Brokerage Realty LLC | $209,995 | |
| Listed by Beycome Brokerage Realty LLC | |||
| Jun 16, 2023 | No longer available | - | |
| No longer available | |||
| May 13, 2023 | Listed by Sell Your Home Services | $398,000 | |
| Listed by Sell Your Home Services | |||
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Amazing opportunity to own 22 acres of prime real estate in beautiful Shelby, NC! This picturesque property boasts stunning views and is conveniently located just minutes from local schools and downtown.
Perfect for building your dream home or developing into a lucrative investment. Don't miss out on this chance to own a piece of paradise!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017