16363 Timber Lane
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 25, 2024 | Sold | ||
| Sold | |||
| Oct 8, 2024 | Listed by RE/MAX Harbor Country | $995,000 | |
| Listed by RE/MAX Harbor Country | |||
| Nov 11, 2022 | Sold | ||
| Sold | |||
| Oct 9, 2022 | Listed by Farley Real Estate, Inc. | $848,000 | |
| Listed by Farley Real Estate, Inc. | |||
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Large wooded lot across from LAKE MICHIGAN in serene TIMBER LANE ESTATES. Private beach access 200 feet from lot, 3,000 feet of wide pristine beach to stroll and picnic. New Buffalo less than 2 miles, perfect for biking and walking. Low yearly assessment fee of $600.00 Municipal water and sewer at street, area of multi million dollar homes. Room for a in ground pool and a generous home. Listen to the waves and watch perfect sunsets. This large lot is ready to make your dreams come true. Perfect location of lovely homes.
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| Jun 27, 2022 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017