18 Sims Road
About This Property
As of August 9, the private bridge has been completed and installed. Road construction is scheduled to begin Wednesday, September 9, with an estimated completion time of approximately 30 days for all roads. The project experienced a delay due to the engineering and construction requirements for the $250,000 private bridge, which the developer was required to install at his own expense.
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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 17, 2026 | Listed by American Dream Realty | $125,000 | |
| Listed by American Dream Realty | |||
| Nov 6, 2024 | Listed | $110,000 | |
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Move to the newest subdivision in Colbert! Build your forever home here on this beautiful land, surrounded by plenty of mature trees and serene community ponds. Enjoy the perfect blend of nature and community living in this ideal setting. With spacious lots and scenic views, this subdivision offers a peaceful retreat while still being close to the Colbert school. Don't miss the opportunity to create your dream home in a community that values both peace and convenience.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017