9599 County Road 16
About This Property
This 15-acre property features a mix of open land, shrubs, hardwoods, and pine trees making it well-suited for hunting and outdoor activities. Black Creek runs through part of the land, and a stocked, spring-fed pond provides a private fishing spot. Separate wetland areas offer good habitat for waterfowl. The property includes a 38-foot travel trailer and a newly built structure with a one-car garage and a separate area that could be finished into a hunting cabin. The building is equipped with a 200-amp electric service and has a pellet stove. A cased well is also on site. With 880 feet of road frontage and fiber optic internet available at the road, the property is accessible and ready for a variety of uses.
Located within walking distance to Keeney Swamp State Forest which has 2,408 acres, and the property is just minutes from several other state forests including Slader Creek, Gas Springs, Klipnocky, Hiltonville, Jersey Hill, Gillies Hill, Karr Valley, and Bully Hill offering access to more than 12,000 additional acres of public land for hunting, hiking, and recreation. The popular Birdsall Bar and Grill is very close to this property, and the Swain Ski Resort is also nearby. This is a great opportunity to enjoy the outdoors in Allegany County.
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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