LOT 1A Dodge Rd.
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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 1, 2018 | Sold | ||
| Sold | |||
| Jun 9, 2017 | Listed by Windhill Realty, LLC | $189,000 | |
| Listed by Windhill Realty, LLC | |||
| | |||
|
Two lots remain in small five lot development near farmland yet short distance to major commuter routes. Each lot priced at 189K. These are currently the only lots in Rowley priced under 200K. Common drive is installed and underground electric is to site. Lot 1 (1.401 acres) Lot 2 (1.389 acres). Both lots have 4 bedroom approved septic designs for traditional systems. Buyer responsible for well. Seller will give buyer contingency to secure well and building permit prior to close. Call for details. These lots are ready to build... just in time for Spring. (Sale price of 367.5K was for lots 1 and 2 as a package)
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| Jun 30, 1998 | Sold | ||
| Sold | |||
| Jan 20, 1998 | Listed by Dewolfe-Georgetown | $307,000 | |
| Listed by Dewolfe-Georgetown | |||
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Address: 335 Madison Avenue, New York, NY 10017