7.78 Cedar Valley Road
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 |
|---|---|---|---|
| Oct 11, 2024 | Sold | ||
| Sold | |||
| Oct 1, 2024 | In contract | - | |
| In contract | |||
| Jul 12, 2024 | Listed by Blue Ridge Realty, Inc. | $250,000 | |
| Listed by Blue Ridge Realty, Inc. | |||
| Oct 14, 2023 | No longer available | - | |
| No longer available | |||
| Apr 14, 2023 | Listed by REMAX Town & Country | $299,900 | |
| Listed by REMAX Town & Country | |||
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Nature and mountain biking enthusiasts, you're going to love this one! Gorgeous, gentle-laying 7.78 unrestricted acres located directly across from Blue Ridge's new Fightingtown Creek Nature Park for hiking and cycling. There's a gravel drive that cuts through the property, making building and developing one step ahead. Perc test on file, too! Nearly panoramic mountain views could be seen with minimal tree trimming/thinning. Incredible seasonal view as it is! This tract is ideal for investment purposes - whether it's subdividing or rental cabins for the hikers and cyclists convenience. Great location, less than 10 minutes to downtown Blue Ridge and it's world famous wineries, orchards, spa's, restaurants, and boutique shopping.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017