476 Southern Way
About This Property
The property has been freshly surveyed, making it easy to identify the property lines. The seller is currently in the process of installing a road to provide access to this lot and the adjoining lots. A well and septic system will be needed.
Looking for an easier path to homeownership? The seller is also willing to offer a land-home package with a mobile home on this property with a signed contract. Call for additional details and available options.
Enjoy the privacy and freedom of unrestricted land while taking in the beauty of the Western North Carolina foothills. Whether you're looking for a permanent residence, mountain getaway, or a place to put your new home, this property offers plenty of potential. Come take a look and make it yours!
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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 |
|---|---|---|---|
| Sep 4, 2026 | Listed by Realty Group 1 LLC | $29,900 | |
| Listed by Realty Group 1 LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017