Tbd Hodges Gap Road
About This Property
Property can support an up to 50+ bedroom septic system. No zoning and nearby Appalcart stop allows for many
development opportunities including but not limited to, large family compound, homesteading,
multifamily, tiny house development, farming, glamping, etc... With this property your imagination is
your only restriction.
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Cap Rate Calculator
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 15, 2023 | No longer available | - | |
| No longer available | |||
| Aug 9, 2023 | Price Decreased |
$210,000
↓ $39K
(15.7%) | |
| Price Decreased | |||
| Aug 7, 2023 | Relisted | $249,000 | |
| Relisted | |||
| May 16, 2023 | No longer available | - | |
| No longer available | |||
| Apr 28, 2023 | Listed | $249,000 | |
| Listed | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017