1015 N Hockaday Road
About This Property
Located in Gladwin County less then 5 miles from Gladwin sits this fully wooded 80+/- acres! There is an older mobile home on site that does have power to it and a shallow well just outside of it. An access trail will take you past a couple of blinds to the back of the property. Up front are some row pines and the remainder of the land consists of mature popple, maple and some oak trees with very thick underbrush. Call today for a private tour!
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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 |
|---|---|---|---|
| Sep 29, 2022 | Sold | ||
| Sold | |||
| Aug 6, 2022 | Listed by Michigan Whitetail Properties | $195,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22033838
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