0 Dry Hill Road Montague — Photo 1 of 9
$1,820,000
Investment Analysis — 0 Dry Hill Road
Montague, MA 01351 — Millers Falls
Based on HUD Small Area Fair Market Rent for Franklin County, MA, a home in 01351 carries an estimated $1,460/mo in gross rent — about a 0.70% cap rate and $12,717/yr in estimated NOI at the $1,820,000 list price. Adjust every assumption in the calculator below.
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This 373 acres of managed Forest with 1,389 feet of frontage on Dry Hill Road has been under the management of professional foresters for more than 50 years. There is an excellent woods road system through the property. The property is stocked with mature White Pine, Red Oak, Red maple, Birch, Hemlock and other hardwoods with an estimated value of $721,000. The property is surrounded by thousands of acres of conserved land by the Montague Water Supply and the Mass Dept of Fish and Wildlife. There is access to the Robert Frost Hiking Trail. This is an excellent property to invest in for long term income from forest management as well as potential for limited development. The property has an excellent woods road system and is a great property for hiking, bike riding, hunting, and other outdoor sports. Property classified under CH 61 for low property tax. Additional book 8443 Page 341 Tax maps: Map 45 Lots 37-46,67, Map 46 Lot 57, Map 47 Lot 55, Map 52 Lots 16- 22
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
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Listing Agent: Keith Ross
Listing Office: LandVest, Inc.
MLS® Number: 73515700
