106 Road
About This Property
This nicely wooded parcel offers 300 feet of road frontage and terrain that is mostly level to gently rolling. Old roadways run throughout the property and could be easily reopened. The boundaries and corners are marked for easy walking, and electric lines run through the property near the road. Subsurface rights are not included. Remnants of former oil production remain, and the wells were properly plugged.
If you're looking for privacy and affordability, this property is well worth considering.
Owner financing available.
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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 |
|---|---|---|---|
| Oct 31, 2026 | In contract | - | |
| In contract | |||
| Jun 30, 2026 | Listed by Landquest Inc. | $27,900 | |
| Listed by Landquest Inc. | |||
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