7187 County Road 1037
About This Property
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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 |
|---|---|---|---|
| Mar 10, 2026 | Listed by Cheryl Rivera Smith | $888,000 | |
| Listed by Cheryl Rivera Smith | |||
| Nov 4, 2025 | Temporarily off market | - | |
| Temporarily off market | |||
| Oct 5, 2025 | Relisted | $988,000 | |
| Relisted | |||
| Jan 11, 2025 | Listed by Cheryl Rivera Smith | $988,000 | |
| Listed by Cheryl Rivera Smith | |||
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Back on market through no fault of Seller. Great opportunity for investor or developer. This beautiful property has an old barn, 2 sheds, a double-wide manufactured home, and is fenced. The pasture is being mowed for hay and the property taxes are very low due to the agricultural exemption. The location has many subdivisions nearby and will be perfect for the next owner to generate income or live on the picturesque property as an appreciating investment while enjoying the peace and tranquility of rural life. Located north of Princeton and southwest of Blue Ridge, future growth and potential appreciation is headed this way! It is south of 121 and north of 380 and just a short walk from County Road 500. An old derelict barn on the property could be salvaged for its antique rood or rebuilt.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017