Lot 2 Wallum Lake 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 |
|---|---|---|---|
| Sep 1, 2015 | Sold | ||
| Sold | |||
| Jan 13, 2012 | Listed by Country Living Realty | $79,900 | |
| Listed by Country Living Realty | |||
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2 acre lot in area of other newer homes. The lot is level and perc and deep hole tests have been completed. No wetland on the lot. Ready for septic design and home construction. Very near Douglas State Forest and Wallum Lake with beaches, boat ramps and picnic areas. Also miles of hiking trails. With 20% down owner will finance. Broker/Owner.
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| Apr 22, 2002 | Sold | ||
| Sold | |||
| Dec 15, 2001 | Listed by Country Road Realty | $90,000 | |
| Listed by Country Road Realty | |||
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WONDERFUL COUNTRY LOT ,ABUTS DOUGLAS STATE FOREST, ENJOY SWIMMING BOATING, CC SKIIING, ETC. OUT YOUR BACK DOOR, ZONED HORSES, SELLER RETAINS RIGHT TO MAINTAIN PARCEL A. CALL FOR COPY OF TEST RESULTS & PLOT PLAN LOT PART WOODED PART OPEN
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| Aug 27, 1997 | Sold | ||
| Sold | |||
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