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Map
197 County Road 1806
About This Property
This house is a TEAR DOWN. Value is in the lot itself. The property is appx .29 acres and backs up to Corp land which leads to part of the lake.
This lot would be perfect for another house, or even for a RV. Property is 80x158.55, per CAD. Older area with mostly weekend homes. Some are Short term rentals. Quiet neighborhood.
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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 16, 2026 | Listed by Riverplace Realty | $40,000 | |
| Listed by Riverplace Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017