Lot 1 Cutler Road
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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 |
|---|---|---|---|
| Dec 15, 2014 | Sold | ||
| Sold | |||
| Mar 20, 2014 | Listed by Central Gateway Realty | $20,000 | |
| Listed by Central Gateway Realty | |||
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Wooded country lot ready to build. Land is surveyed and has great perc rates. Minutes to town center and 30 minutes to Worcester. One of several lots available. Part of a large parcel.
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| Jan 5, 2009 | Listed | $64,400 | |
| Listed | |||
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Wooded country lot ready to build. Land is surveyed and has great perc rates. Minutes to town center and 30 minutes to Worcester. One of several lots available. Part of a large parcel. Build to suit. Your plans or ours.
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| Jul 31, 2002 | Sold | ||
| Sold | |||
| May 20, 2002 | Listed by Waterwheel Realty | $69,900 | |
| Listed by Waterwheel Realty | |||
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CORNER LOT, WOODED, FRONTAGE ON CUTLER AND COLE. LAND HAS PERC 8/2000. SEPTIC DESIGN 5/2001 FOR A 3 BEDROOM HOME. STONEWALLS BORDER MOST OF PROPERTY.
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