11
Map
OFF SNAKE CASTLE ROAD
About This Property
The property enjoys access to the scenic Rappahannock River and is further enhanced by parkland bordering two sides, creating a serene setting with long-term protection of surrounding views. A county subdivision letter is on file, and supporting documentation includes a timber survey, aerial imagery, and plat. Professional aerial photography and drone video are forthcoming.
An outstanding offering for recreational use, conservation-minded ownership, or strategic land investment. Property to convey by Special Warranty Deed.
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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 1, 2026 | Listed by Sheridan-MacMahon Ltd. | $1,915,000 | |
| Listed by Sheridan-MacMahon Ltd. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017