22 Fern Gully None
About This Property
Utilities are in and functioning: well water, a 2-bedroom septic system, underground 200-amp service with a dedicated camper hookup, and fiber internet. Site work is done too - drainage, culverts, and clearing are complete, and the parcel carries Open Use zoning for flexibility on what gets built.
A renovated 2005 camper comes with the property and is ready to live in now, so a buyer can be on-site through construction instead of paying rent somewhere else in the meantime.
Terrain varies across the parcel - quartz-rich high ground on one side, level bottomland on the other - which is what allows for the two separate homesites rather than a single build area. The property borders 80+ acres of protected conservation land and has creek frontage on Sandy Mush Creek.
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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 |
|---|---|---|---|
| Oct 5, 2026 | Sold | ||
| Sold | |||
| Sep 17, 2026 | In contract | - | |
| In contract | |||
| Aug 21, 2026 | Listed by Keller Williams Biltmore Village | $195,000 | |
| Listed by Keller Williams Biltmore Village | |||
| Nov 19, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 14, 2025 | Price Decreased |
$225,000
↓ $15K
(6.1%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017