15705 County Road 48
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 |
|---|---|---|---|
| May 1, 2024 | Sold | ||
| Sold | |||
| Feb 21, 2024 | In contract | - | |
| In contract | |||
| Dec 25, 2023 | Price Decreased |
$675,000
↓ $25K
(3.6%) | |
| Price Decreased | |||
| Oct 25, 2023 | Price Increased |
$699,990
↑ $30K
(4.5%) | |
| Price Increased | |||
| Oct 25, 2023 | Price Decreased |
$669,990
↓ $79K
(10.6%) | |
| Price Decreased | |||
Property Highlights
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Price/ft²
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About Cutchogue
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$6,000 /mo
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$9,500 /mo
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Data Source: OneKey MLS
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