174 E Sylva Circle
About This Property
The true value lies in the location! Situated in Sylva's General Business (GB) District, this property is a rare find. It's not just a residential rental; it's a versatile investment with significant commercial upside. The flexible GB zoning opens the door to potential future uses beyond residential, such as a small office, boutique, or service business-giving you maximum flexibility down the road.
The convenience is unmatched: the home sits on a level yard and is within easy walking distance of Asheville Highway (US 74/23), giving tenants or future customers superb access.
Currently configured as a successful residential rental, the property features a large, covered deck perfect for relaxing, and a level yard that is easy to maintain. Stop watching your money disappear into rent and start building equity and cash flow today with an investment that is already performing and poised for future growth!
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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 |
|---|---|---|---|
| Nov 17, 2025 | Sold | ||
| Sold | |||
| Nov 5, 2025 | In contract | - | |
| In contract | |||
| Nov 1, 2025 | Relisted | $115,000 | |
| Relisted | |||
| Oct 16, 2025 | In contract | - | |
| In contract | |||
| Sep 30, 2025 | Price Decreased |
$115,000
↓ $5K
(4.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017