2941 Route 115
About This 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 |
|---|---|---|---|
| Jun 28, 2023 | Sold | ||
| Sold | |||
| May 15, 2023 | Listed by IronValley RE of Lehigh Valley | $779,900 | |
| Listed by IronValley RE of Lehigh Valley | |||
| Jul 12, 2022 | No longer available | - | |
| No longer available | |||
| May 26, 2022 | Listed by Pocono Mountains Real Estate, Inc - Brodheadsville | $639,000 | |
| Listed by Pocono Mountains Real Estate, Inc - Brodheadsville | |||
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Own your own piece of Pocono Mountains Horse Country!!! Just a touch under 11 ACRES, this parcel is an Equestrians dream and defines uniqueness! The lower portion (where the barn buildings are) is zoned commercial and almost 200 feet fronts Route 115 in Effort. The rear portion (where the home is) is zoned residential. STR's are allowed in Chestnuthill Township in Commercial Zoning. The 5 stall horse barn has 1 inch rubber matting in each stall, three stall run-ins, its own well/electric, its own hot water heater, and 2 huge lofts for hay! The tour of the parcel continues with 8 fenced in acres with post and rail w/electric across the top, three pastures with a dry lot and 2 good grass pastures, 80x100 riding area, (round pen is negotiable) several smaller sheds for storage and equipment, and a brush hog that the seller may wish to sell. There is also a brick walkway to the front of the home with a country porch, a rear brick patio with rustic gazebo to enjoy your private setting!!! The manager has listed the unit size as 3360 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017