10391 Chippewa
About This Property
AMAZING LARGE PARCEL for this price!! Located just across the Midland County line in Wise Township Isabella County you will find this 243 acre parcel of pure Hunting Land for sale. This hard to find large parcel is located at the end of a dead end road and running along US-10. Mostly wooded with a lot of cover and bedding areas. A large pond. A small log makes you feel like you're ''Up North'' without the long drive and a pole barn to keep your toys and equipment. Trail system runs throughout the property from east to west. Have the ''Up North'' hunting
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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%.
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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.
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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 |
|---|---|---|---|
| Dec 18, 2020 | Sold | ||
| Sold | |||
| Sep 1, 2020 | Listed by Michigan Whitetail Properties | $389,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 20050912
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