13198 Howard Road
About This Property
This 100 acre +/- farm is located in the heart of PULASKI TOWNSHIP JACKSON COUNTY MICHIGAN. PULASKI TOWNSHIP is located south of Concord and includes Swains Lake and the Concord Hills golf course. There are two pole barns and three green houses set up with electric and water on this property, should that be of interest to you. The property was previously used as a high fenced ranch with elk, deer and more but the animals have all been removed, the land has been converted back to farm ground and is planted to soybeans. The property is being sold as real estate only, and not as an ongoing business. Also included is a 3 bedroom 2 bath manufactured home that could be used as a hunting lodge or a rental for a farm worker, etc. A 10' high fence surrounds 90% of the property. The possibilities for someone here are endless, so call me today for your private showing.
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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 8, 2023 | Sold | ||
| Sold | |||
| Jul 16, 2023 | Listed by Michigan Whitetail Properties | $749,000 | |
| Listed by Michigan Whitetail Properties | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017