LOT 6 HIGHLANDS GATE Drive
About This Property
The community is served by well-maintained private roads and sits close to the Nantahala National Forest, adding a layer of protection from surrounding development. Enjoy easy access to Highlands and Franklin's shops, galleries, and restaurants, plus some of the region's best outdoor recreation - hiking, waterfalls, fishing, and scenic mountain drives, all minutes away.
With 2,449 feet of combined road frontage across three roads, this parcel provides real flexibility for siting a home.
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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 |
|---|---|---|---|
| Oct 15, 2026 | Price Decreased |
$84,900
↓ $5K
(5.6%) | |
| Price Decreased | |||
| Oct 10, 2026 | Price Decreased |
$89,900
↓ $10K
(10%) | |
| Price Decreased | |||
| Oct 4, 2026 | Price Decreased |
$99,900
↓ $5K
(4.8%) | |
| Price Decreased | |||
| Sep 23, 2026 | Listed by Beycome Brokerage Realty LLC | $104,900 | |
| Listed by Beycome Brokerage Realty LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017