Lot 188 Melbourne Trail
About This Property
Property owners in the Cliffs enjoy a number of fabulous amenities. Also, for Cliffs property owners are complimentary rounds of golf.
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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 |
|---|---|---|---|
| Apr 16, 2021 | Sold | ||
| Sold | |||
| Apr 4, 2020 | Listed by Clark Real Estate Group | $30,000 | |
| Listed by Clark Real Estate Group | |||
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Property on Melbourne Trail has one of the most beautiful views in the Cliffs Resort. There are 3 adjoining lots here that owner will sell together or separate. A two story build here will have a beautiful view of Neeleys Slough.
Property owners in the Cliffs enjoy a number of fabulous amenities. Also, for Cliffs property owners are complimentary rounds of golf.
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Last Updated: 5 months ago
Data Source: NTREIS MLS, MLS# 14316768
Details provided by NTREIS and may not match the public record
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