Lot 1 Walnut St
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 |
|---|---|---|---|
| May 23, 2023 | Sold | ||
| Sold | |||
| Oct 18, 2022 | In contract | - | |
| In contract | |||
| Apr 1, 2022 | Listed by RE/MAX Executive Realty | $125,000 | |
| Listed by RE/MAX Executive Realty | |||
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Build your dream home on this beautiful lot! Already approved and perked, price includes approved septic plan for 3 bedroom home! Ready to go!. Quiet country road, nice area of Douglas!
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| Jun 17, 2013 | Sold | ||
| Sold | |||
| May 10, 2012 | Listed by Country Living Realty | $99,500 | |
| Listed by Country Living Realty | |||
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Beautiful 7 lot subdivision. 5 lots remaining. All engineering and septic system design completed. In ground leach fields. Subdivision is across the road from a golf course. These lots are ready to start construction. House plans to be reviewed by seller to maintain uniformity. All lots are fairly level with clearing for construction. No wetland. Easy access to Rt. 146. BUY ALL 5 LOTS WITHIN TWO YEARS AND ONLY PAY 80K APIECE.
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