1550 Craft Road
About This Property
Mostly tillable Farm Land for sale in eastern Jackson County Michigan near Grass Lake. Located about a mile west of Grass Lake is where you'll find this 91+/- acres of good tillable farm ground with rolling terrain. Highly sought after ground in a highly sought after area so get with me today and let's go take a look at it. **If you are reading this ad on Zillow or Realtor.com please scroll down to see the information of the listing agent/broker that will then be able to tell you details and information about this property** **The fields have been planted for this season so please do not trespass or drive across any planted crops. Thank you**
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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 |
|---|---|---|---|
| Jan 30, 2023 | Sold | ||
| Sold | |||
| Mar 20, 2022 | Listed by Michigan Whitetail Properties | $479,000 | |
| Listed by Michigan Whitetail Properties | |||
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About Jackson
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Last Updated: 3 years ago
Data Source: MichRIC, MLS# 22009286
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