0 Mathews Rd Parcel C
About This Property
Appraisal, for parcel A, was done on 03/24/2025 for $42,000. Copy available upon request.
Raw land evaluation has been completed and approved on parent parcel, by the Jackson County Health Department.
Multiple parcels available from parent parcel.
**pictures are from parent parcel. All properties have different characteristics**
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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 |
|---|---|---|---|
| May 16, 2025 | Sold | ||
| Sold | |||
| Apr 22, 2025 | In contract | - | |
| In contract | |||
| Apr 13, 2025 | Listed by The Real Estate Connection | $37,000 | |
| Listed by The Real Estate Connection | |||
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Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|
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Last Updated: 2 years ago
Data Source: MichRIC, MLS# 25015154
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