Lot 2 Otter River Rd.
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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 23, 2018 | Sold | ||
| Sold | |||
| Sep 13, 2018 | Listed by Keller Williams Realty North Central | $40,000 | |
| Listed by Keller Williams Realty North Central | |||
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|
WOW !!! Huge Price Reduction. ACT NOW !! Large, mostly level 12.15 acre lot. Abuts Route 2 Westbound. Water and Electric at Street. Private Septic. Very Private Setting. Could have potential of numerous lots. Buyers responsible for all tests, permits and surveys. Buyer / Buyer Agent to perform due diligence as to highest and best use.
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| Mar 23, 2018 | Sold | ||
| Sold | |||
| Dec 5, 2017 | Listed by Keller Williams Realty North Central | $289,900 | |
| Listed by Keller Williams Realty North Central | |||
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|
New Construction, 2000+ Colonial, 3 Bedrooms, 2.5 Bathrooms and a 2 car drive under garage for under $290,000. Priced to sell, offering open concept floor plan, 3 bedrooms, 2.5 baths, large kitchen with granite counter tops, private dining room and living room, 20x20 family room with cathedral ceiling, slider to deck overlooking back yard. All on quiet country rd, just minutes from Rt 2. Call today for more info. Still time to make selections. 90 Days to completion
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| Oct 28, 2016 | Sold | ||
| Sold | |||
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