Lot 47 Burger Road #47
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 |
|---|---|---|---|
| Nov 12, 2023 | No longer available | - | |
| No longer available | |||
| May 13, 2023 | Listed | $38,000 | |
| Listed | |||
| May 11, 2023 | No longer available | - | |
| No longer available | |||
| Nov 29, 2022 | Listed | $44,000 | |
| Listed | |||
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1.15+/- acres nicely wooded for privacy plus beautiful views! A great place to build your mountain retreat or make your full time home. Easy access and just a short drive to downtown Murphy for shopping, dining and entertainment. Not to mention just a short drive to the areas many attractions; whitewater rafting, hiking, boating on any of the areas most beautiful lakes like Lake Hiwassee, Lake Nottley, Lake Chatuge and some of the areas best trout streams for great fishing. Local vineyards, John C. Campbell Folk School, Harrahs Valley River Casino, Erlanger Western Carolina Medical facility are all easily assessable. Great Opportunity!!
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Property Highlights
Comparables
Status
Price/ft²
Listed On
Sold On
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
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05/13/2023
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Loft
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-
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$38,000
Loft
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Mick Goebel
Carolina Mountain Homes
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11/29/2022
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Loft
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-
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$44,000
Loft
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-
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Mountain Leisure Team
REMAX MOUNTAIN PROPERTIES
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Building Info
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017