Lot 1 Southeast Main
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 |
|---|---|---|---|
| Jun 7, 2023 | Sold | ||
| Sold | |||
| May 14, 2023 | In contract | - | |
| In contract | |||
| Apr 28, 2023 | Listed by Country Living Realty | $160,000 | |
| Listed by Country Living Realty | |||
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One of two beautiful adjacent buildable lots on a quiet country road in Douglas. Lots have no wetlands. Percs and deep holes complete. Excellent test results will allow in-ground septic systems. Septic designs completed. Driveways are in. Driveway is shared at road entrance. Owner will consider short-term financing for land only for builders. Sales price $160,000 for each lot.
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| Sep 21, 2017 | Sold | ||
| Sold | |||
| Jul 18, 2017 | Listed by Country Living Realty | $279,900 | |
| Listed by Country Living Realty | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017