990 Dover Rd
About This Property
The big projects that worry buyers in an older home are already done. The septic tank and field lines were replaced in 2025, a new PEX water line went in the same year, the HVAC system was installed about 8 years ago, exterior siding was freshly painted, and the shingles are about 15 years old. A large laundry room gives you a real spot to drop muddy boots and work clothes after a day outside. Out back, the covered patio is where mornings start with coffee and evenings wind down, looking out over land that's all yours. The acreage is zoned A-1 with no restrictions, so you decide what happens here: a big garden, chickens, a horse, a workshop, or a pole barn for the boat and camper.
This home is for the buyer who wants elbow room and quiet without giving up a quick drive into Morristown for groceries, dining, and work. It's for the person who loves the character of an old farmhouse but would rather not spend year one replacing a septic system. Dover Road keeps you in the country with space to grow, and still close to everything Hamblen County offers.
Historic 1920 farmhouse, updated where it counts, on unrestricted acreage in Morristown.
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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, 2026 | In contract | - | |
| In contract | |||
| Oct 8, 2026 | Listed by ReMax Real Estate Ten | $200,000 | |
| Listed by ReMax Real Estate Ten | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017