51
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527 PANHANDLE ROAD
About This Property
The bungalow features two bedrooms, two full bathrooms, and a kitchen located on the lower level. The flexible layout is well-suited for full-time living, weekend getaways, guest accommodations, or recreational use.
The property consists of approximately 151.29 acres across three tax parcels: Parcel 35-4 (12± acres), Parcel 34-1 (87.29± acres), and Parcel 34-2 (52± acres). The land includes frontage along the South Fork Shenandoah River and access from Panhandle Road, with portions of the property located on both sides of the roadway.
Whether you're seeking a hunting property, recreational retreat, riverfront getaway, agricultural investment, or a legacy property to enjoy for generations, the possibilities are extensive. Recreational amenities include an established shooting range, approximately 1,672 feet of frontage along the South Fork Shenandoah River, and abundant opportunities to enjoy the outdoors. Conveniently located near Shenandoah National Park, Shenandoah River State Park, the Tuscarora Trail, Front Royal, Luray, and Luray Caverns.
See aerial imagery for additional details regarding property boundaries and parcel layout. Buyer should independently verify all information important to their purchase decision.
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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.
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017