12227 Pinecrest Road
About This Property
For investors, this property presents a golden opportunity to build an income-generating investment property. With the potential for rental income, this lot offers limitless possibilities to maximize your return on investment. The appeal of a secluded location will undoubtedly attract tenants seeking a tranquil and private setting.
For primary home owners seeking a spacious wooded lot to build their dream home, look no further. This property provides ample space to bring your vision to life. Whether you desire a modern architectural masterpiece or a cozy rustic retreat, this lot offers the canvas upon which to build your dream home.
Financing options are also available to make your dreams a reality. Explore the opportunity to finance both the land and a manufactured home through a reputable manufactured home builder. This option offers convenience and ease, allowing you to streamline the process and get one step closer to your dream home.
Alternatively, if you prefer to pay cash for the lot, it can serve as an excellent down payment for a new construction loan. This flexibility allows you to embark on the journey of building your dream home while maintaining financial stability and control.
Don't miss out on this exceptional opportunity to own a private, wooded lot perfect for investors or primary home owners seeking tranquility and the freedom to create their ideal living space. Contact us today to discover the endless potential that awaits you on this remarkable property.
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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 |
|---|---|---|---|
| Nov 13, 2023 | Sold | ||
| Sold | |||
| Jul 17, 2023 | Listed by eXp Realty, LLC | $5,000 | |
| Listed by eXp Realty, LLC | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017