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140 Lippitt Avenue
About This Property
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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 |
|---|---|---|---|
| Aug 5, 2014 | Listed by Keller Williams Elite | $37,500 | |
| Listed by Keller Williams Elite | |||
| Feb 8, 2011 | Listed by Keller Williams Realty | $75,000 | |
| Listed by Keller Williams Realty | |||
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TOWN WATER on Lippitt Ave. 100% USDA Financing possible. 3 Lots sold as a package. Lot 140 is 6098 sqft-Lot 144 is 6098 sqft-Lot 148 is 5227 sqft. Lot 156 is 13504 sqft - contains a single family home & construction size garage & is also for sale.
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