Lot 1 Locust
About This Property
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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 10, 2016 | Sold | ||
| Sold | |||
| Mar 18, 2016 | Listed by Country Living Realty | $75,000 | |
| Listed by Country Living Realty | |||
| | |||
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Beautiful 2.9 acre wooded lot on desirable Locust Street in Douglas with over 450 feet of road frontage. Four bedroom septic design and Conservation Permits and Approvals is in hand. A large deck will overlook a large wetland complex that accommodates an abundance of wildlife and provides privacy in the back and sides. The property is rural but within minutes of the center of Douglas.The property lends itself to a 44 ft. x 28 ft. Cape of Colonial with a drive under garage.
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| Oct 9, 2015 | Sold | ||
| Sold | |||
| Apr 28, 2015 | Listed by Country Living Realty | $62,000 | |
| Listed by Country Living Realty | |||
| Aug 15, 2000 | Sold | ||
| Sold | |||
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