16430 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 31, 2022 | Sold | ||
| Sold | |||
| Jul 28, 2022 | Listed by @properties Christie's International R.E. | $2,465,000 | |
| Listed by @properties Christie's International R.E. | |||
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PANORAMIC VIEWS OF LAKE MICHIGAN!!! A unique opportunity to acquire one of the last remaining large lakefront lots in Harbor Country. This lot with 110' of lake frontage is in the prestigious community of Timberlane Estates, in New Buffalo, the ''Hamptons of the Midwest'', and just one hour from Chicago. Enjoy sunsets that are breathtakingly romantic. Buy it now and build your dream home. New stone seawall in September, 2020. All utilities available at street. Minutes to the New Buffalo Harbor, restaurants, shopping and Amtrak.
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| Jul 24, 2014 | Sold | ||
| Sold | |||
| Feb 5, 2014 | Listed by @properties Christie's International R.E. | $1,950,000 | |
| Listed by @properties Christie's International R.E. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017