509 Wooten Drive
About This Property
Bring your builder and your plans - this beautiful 1-acre parcel offers approximately 253 feet of road frontage and lays perfectly for your dream home and shop! With plenty of room to spread out, this property provides the ideal balance of privacy and convenience. Located in a prime area of Cherokee County, you're just minutes from shopping, restaurants, the hospital, and easy interstate access. Opportunities like this are rare - build your dream home here and enjoy everything this great location has to offer!
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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.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017