360 Lloyd Road
About This Property
Welcome to your rural city dream lot located at 360 Lloyd Road in Dayton, TN! This 2.35 quiet, unrestricted, and serene acre lot is improved and ready for whatever your dreams may have. Build your dream house in the quiet mountains, visit your secluded property for weekends away from the hustle and bustle, park the camper/RV and create camping memories in your home away from home, and store all your favorite toys in one spot. With this lot your options are endless!
These 2.35 acres are located in beautiful Dayton, TN just 8 miles from the quant and old charm downtown square hosting several shops, cafes, and boutiques to keep the whole family happy. 10 minutes from great fishing and hiking spots offered by this sweet town located near Chickamauga Lake. Bring the boat and cast off at one of the multiple public boats ramps this area has to offer. Flat and easy access to main roads and highways for any vehicle type (car, truck, RV, trailer, etc).
What a little city life? Just head south to all the offerings of Chattanooga, TN and you will be enjoying the city life in under 45 minutes. This property is also centrally located to growing areas such as Cleveland, TN, Athens, TN, Pikeville, TN, Spring City, TN and Knoxville, TN.
Seller has prepared this lot to build with excavation work complete to nearly ¾ acres, 50ft wide gravel driveway cut, city electricity installed with LED lights added to each pole to light the way home, 220V 50AMP connection for RV installed and 110V 20AMP installed for all your work needs. City water connected with new meter, 600LF of PexA pipe installed, and hose hydrant ready. Natural gas available at the street for future connections. Soil perc test and new survey completed with application pending TN State approval for a 2-3 bedroom septic permit. Septic system not installed - buyer to complete septic installation.
Payment Calculator
Your Estimated Monthly Payment
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 |
|---|---|---|---|
| May 31, 2023 | Sold | ||
| Sold | |||
| Mar 24, 2023 | Listed by ListWithFreedom.com | $75,000 | |
| Listed by ListWithFreedom.com | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017