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16601 GAINES ROAD
About This Property
Surrounded by mature trees and natural beauty, the property provides a peaceful, secluded feel without being remote. Route 66, shopping, dining, and daily essentials are all easily accessible, making this an ideal location for those who want space, privacy, and proximity.
The lot offers flexibility for a thoughtfully designed home, private retreat, or modern farmhouse nestled among the trees. Soil report, septic information, well details, and completed delineation are available in the documents, providing buyers with important due diligence materials and added clarity as they plan their build.
Opportunities to secure six private acres this close to Haymarket and Gainesville are increasingly limited. If you have been searching for land that offers both privacy and practicality, this property is ready for your vision.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017