12333 Rome Road
About This Property
Rolling hills throughout this property allow for many places to build a home and the terrain is full of bedding areas, food sources, water and large mature timber that is native to this part of Michigan.
Many 1000's of feet of trails have been cut throughout this property so that you can access any part of it on foot, in a golf cart, quad or side by side.
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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 6, 2023 | Sold | ||
| Sold | |||
| Oct 2, 2023 | Listed by Michigan Whitetail Properties | $489,000 | |
| Listed by Michigan Whitetail Properties | |||
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About Lenawee
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 23137039
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