155 Michael 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 |
|---|---|---|---|
| Oct 24, 2026 | Price Decreased |
$29,000
↓ $3K
(9.4%) | |
| Price Decreased | |||
| Sep 1, 2026 | Listed by Quality Realty | $32,000 | |
| Listed by Quality Realty | |||
| Oct 3, 2025 | Price Decreased |
$30,000
↓ $5K
(14.3%) | |
| Price Decreased | |||
| Jun 24, 2025 | Listed | $35,000 | |
| Listed | |||
| | |||
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Build Your Dream Home Near Choctaw Casino & Lake Texoma! Located in a quiet, newer subdivision just minutes from Choctaw Casino, Lake Texoma, and the Texas border, this spacious ½-acre residential lot offers the perfect blend of convenience and tranquility. With easy access to Hwy 75, you’ll enjoy a quick commute to shopping, dining, and local attractions — all while coming home to a peaceful neighborhood setting. Site-built homes only are allowed, protecting your investment and ensuring a quality community feel. Whether you’re ready to build now or want to invest in land for the future, this lot is a great find in a growing area. Utilities available | Great location for full-time living, weekend retreat or Air BnB for the casino.
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| Apr 29, 2025 | Price Decreased |
$39,500
↓ $11K
(21%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017