16409 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 |
|---|---|---|---|
| Aug 23, 2023 | Sold | ||
| Sold | |||
| Apr 21, 2023 | Listed by Cressy & Everett Real Estate | $795,000 | |
| Listed by Cressy & Everett Real Estate | |||
| Apr 1, 2023 | No longer available | - | |
| No longer available | |||
| Sep 29, 2022 | Listed by Keller Williams Realty Southwest Michigan | $825,000 | |
| Listed by Keller Williams Realty Southwest Michigan | |||
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Gorgeous wooded Time Lane Lot across the street from your 3000 feet of Lake Michigan beach. This is one of few remaining lots with direct beach access just steps away. Ready for your dream home; this lot is just waiting for you and your family.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017