177 Gallmeier Road
About This Property
1850's Farmhouse set on 5 acres, surrounded by mountains, fields and streams. Wooden plank floors on a beautiful back country road
2 out buildings one a 57 x 22 with 10' high doors and a 25 x 25 structure suitable for animals.
Open lot, level lot, wooded lot
An 83 acre farmland preservation is directly across from the property.
private well, baseboard heat, 3 wall ac units, oil furnace. This is an as is property.
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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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 25, 2023 | Sold | ||
| Sold | |||
| Jul 18, 2023 | In contract | - | |
| In contract | |||
| Aug 8, 2022 | Listed by VRI Homes | $369,900 | |
| Listed by VRI Homes | |||
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About Hunterdon
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Last Updated: 2 years ago
Data Source: MOMMLS, MLS# 22220351
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017