Lot 2 Davis Hill Rd
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 |
|---|---|---|---|
| May 30, 2019 | Sold | ||
| Sold | |||
| Feb 5, 2019 | Listed by James Tobin | $200,000 | |
| Listed by James Tobin | |||
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Best Lot in all of Worcester County. Spectacular view's of Mt. Wachusett on this hill top lot. You will fall in love with this land the first time you see it. Don't miss this opportunity. Land is surrounded by many higher end homes. Lot is currently drawn as a 1.99 acre property. Lot size could be negotiated larger depending on buyers wants and needs. Lot is part of a larger 34.5 Acre Farm house which is also for sale. Land is cleared and currently used for hay farming. Perc test has not been performed yet on Lot 2 or 3 but has been completed and passed on Lot 1. Land is currently listed as 61A (Agricultural) and would need town approval for building which the sellers would obtain as well as the Perc test.
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| Aug 31, 2009 | Sold | ||
| Sold | |||
| Jun 29, 2009 | Sold | ||
| Sold | |||
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