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Map
518 County Road 87
About This Property
Unlock the potential of this secluded 19.6-acre property and imagine the possibilities. This farm site is ready for a new chapter and offers the perfect opportunity for buyers with vision, creativity, and a desire to create something truly their own.
Picture the transformation as you restore, rebuild, or reimagine this unique property into a private country retreat, hobby farm, recreational getaway, or a unique future homesite. Surrounded by open space and rural charm, this acreage provides the setting to bring your dreams to life while enjoying the privacy and tranquility that only country living can offer.
The property is being sold As-Is, allowing the next owner to unlock its full potential and capitalize on the value that exists here. Septic and well reports are available for review.
Financing Information: Cash purchase required if purchasing as a residential property. Conventional financing available when purchasing as land with an existing well and septic system already in place.
At this price, opportunities like this are becoming increasingly difficult to find. Bring your imagination, your tools, and your vision, and discover what this hidden gem can become.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017