51 Farmstead Road
About This Property
Step inside to an open floor plan filled with natural light and freshly painted interiors. The primary bedroom features a walk-in closet and an en suite bathroom with a large soaking tub. The main living area flows seamlessly into the kitchen and dining space, ideal for entertaining or everyday living. (most furniture included!)
Outside, you'll find a fenced-in yard perfect for pets or play, plus a separate hangout area tucked away in a wooded corner-your own private retreat. The freshly painted shutters and deck add to the home's charm.
Whether you're looking for space, views, or a peaceful lifestyle just a short drive from Asheville, this home has it all. Come experience mountain living at its finest.
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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 |
|---|---|---|---|
| Dec 6, 2025 | Sold | ||
| Sold | |||
| Oct 31, 2025 | In contract | - | |
| In contract | |||
| Oct 25, 2025 | Price Decreased |
$282,499
↓ $10K
(3.4%) | |
| Price Decreased | |||
| Sep 14, 2025 | Price Decreased |
$292,499
↓ $8K
(2.5%) | |
| Price Decreased | |||
| Jul 29, 2025 | Price Decreased |
$299,999
↓ $10K
(3.2%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017