242 Floyd Road
About This Property
The heavy lifting has already started for you – there's a survey on file, a perc test has been completed, and the beginning of a driveway has been cleared, giving you a head start on getting your build underway. The lot is thick with mature hardwoods, mountain laurel, and rhododendron, so you'll have plenty of natural buffer between you and the neighbors.
One thing worth noting: with some selective tree clearing, there's real potential for a mountain view from up top – you can already catch glimpses of the ridgeline through the trees along the old road cut. A little vision (and a chainsaw) could go a long way here.
The property sits within an HOA with a minimum home size requirement of 800 square feet, so cabins, cottages, and smaller mountain homes are all welcome – no need to build big to make this work.
If you've been searching for a place to put down roots in Haywood County this one's worth a walk. Bring your boots – it's still rustic back there, but that's exactly the appeal.
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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 |
|---|---|---|---|
| Jul 28, 2026 | Listed by Big Beard Realty | $29,000 | |
| Listed by Big Beard Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017