253 Davis Lake Road
About This Property
Embrace the freedom of rural living on this established, unrestricted lot in beautiful Rutherford County. With city water tap and septic system already installed, this property is ready for immediate use-no delays, no red tape.
Bring your camper, mobile home, tiny home, or design and build your custom dream home-the choice is yours! This lot offers endless flexibility with no HOA and no restrictions, all in a convenient location close to local amenities while still offering that peaceful, country atmosphere.
Opportunities like this don't come often-a ready-to-go lot with utilities in place and total freedom to create your ideal living situation. Don't wait!
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017