11504 Phillips Road
About This Property
No electricity or water hooked up but can be easily added.
House across the street is also available for sale and can be purchased as a package deal, Call for details.
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Cap Rate Calculator
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 |
|---|---|---|---|
| Aug 27, 2026 | In contract | - | |
| In contract | |||
| Jul 28, 2026 | Price Decreased |
$78,000
↓ $2K
(2.5%) | |
| Price Decreased | |||
| Jun 23, 2026 | Listed by Madden Debra L | $80,000 | |
| Listed by Madden Debra L | |||
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