40837 RED HILL ROAD
About This Property
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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%.
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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.
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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 |
|---|---|---|---|
| Jan 14, 2022 | No longer available | - | |
| No longer available | |||
| Jan 11, 2022 | Listed by Iron Valley Real Estate of Northern Virginia | $735,000 | |
| Listed by Iron Valley Real Estate of Northern Virginia | |||
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Farm House built circa 1920's, that was previously on the property was not able to be salvaged, the owner has spent the time and effort into removing the structure. Owner has researched and come up with the best use of the other existing structures to preserve as much of the history of this parcel known as the Thornton House which is part of a potential Historic district known as Watson. Well, and a brand new septic have been installed to promote 6 bedrooms on the property. Electric is already in existence on the property as well taking a lot of the normal delays in construction out of it for any new buyer! Custom roof trusses are located at the property, making this a win-win investment for anyone looking to make their investment work for them, or potentially a guest house or in law suite. This parcel would be perfect as a farmette Air BNB with the rich history and old world charm Leesburg already has to offer, or it would make a perfect opportunity for an in law suite or guest home while the potential purchasers design and dream up their main house home of choice! An opportunity to build your own dream house. NO HOA. 5 acres situated by the newer communities Willowsford & Creighton Farms. Minutes to Rte 50,15,7, Grnway, Silver Lne & Brambleton Town Center. Sold "AS IS" Due to the many moving pieces that come along with a new build. ALL CALLS SHOULD GO TO THE SHOWING CONTACT
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| Oct 31, 2013 | Sold | ||
| Sold | |||
| Sep 12, 2013 | Listed by Corcoran McEnearney | $350,000 | |
| Listed by Corcoran McEnearney | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017