11877 Slee Road
About This Property
Wow...........over 100 acres possible tillable acres here on this 196 acre parcel of rolling hills, beautiful southern Michigan country views, mature sections of hardwoods and more. Would certainly qualify as Organic as it has been many years since this property was farmed. Located just a couple minutes west of Onsted and close to the Irish Hills is where you will find this rare parcel of land that has Squaw Creek running through it. Multiple places to build that dream home, and perfect habitat for the deer and turkeys that call southern Michigan home.
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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.
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 29, 2020 | Sold | ||
| Sold | |||
| Dec 10, 2019 | Listed by Michigan Whitetail Properties | $625,000 | |
| Listed by Michigan Whitetail Properties | |||
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 19058129
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017