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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 |
|---|---|---|---|
| Aug 29, 2023 | Sold | ||
| Sold | |||
| Jul 15, 2023 | In contract | - | |
| In contract | |||
| Jun 30, 2023 | Listed by Real Estate Advantage | $36,500 | |
| Listed by Real Estate Advantage | |||
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Nice building lot in the town of Busti, Southwestern School District. This 5.28 acre flat level lot is waiting for you and your plans to build the home of your dreams. Country feel but mere minutes away from all the conveniences of Lakewood and Jamestown. There are some trails cut in that go front to back of the property and go out to the gas well that is on the property. Gas well isn't currently producing or paying royalties however the Oil, Gas, mineral and timber rights do transfer so at some point in the future this will be of benefit to the buyer. Very nice piece of property for your dream house, or your horse property.
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| Dec 30, 2022 | Sold | ||
| Sold | |||
| Oct 5, 2022 | Listed by Timberland Realty | $185,000 | |
| Listed by Timberland Realty | |||
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Enjoy this property with an excellent mix of open, farm fields and woods with plenty of deer and turkey sign present and a part-time flowing stream. The woods is a mix of Cherry, Red Maple, Basswood, Hemlock and Beech. The timber was last harvested 10-15 years ago and is a well-managed woodlot that still has decent value throughout. There is an excellent internal trail system perfect for riding ATV’s, hiking, snowmobiling and cross-country skiing. The gentle terrain helps make this beautiful property an easy parcel to navigate. There are 22 acres of agricultural fields, currently planted with corn, providing excellent habitat for deer and turkey. This acreage is not leased. This property is loaded with possibilities for family and friends of all ages to enjoy hunting, camping or even as the site for your future dream house. All oil, gas and mineral rights are owned and will transfer.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017