23
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222 Limestone Way
About This Property
The first cabin is ~700 square feet and sleeps 4 with a 1 bedroom + Loft Bonus room.
The other cabin is 1120 square feet and sleeps 6 with a 1 bedroom + Loft bonus room.
There are many value add opportunities with this serene piece of land, with rushing water heard from all around the property. There is a plethora of outdoor space to add amenities at both cabins. A ''Savvy'' buyer will also combine both cabins in one Airbnb listing as a sleeps 10 to attract larger families.
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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 |
|---|---|---|---|
| May 6, 2026 | Listed by eXp Realty, LLC 7720 | $789,000 | |
| Listed by eXp Realty, LLC 7720 | |||
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