20 Acres Cannon Drive
About This Property
Great chance to build your dream home in the city with land or hold for development purpose investment!
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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 24, 2026 | Price Increased |
$399,900
↑ $40K
(11.1%) | |
| Price Increased | |||
| Jan 5, 2026 | Listed by Merrifield & Pilcher Realty | $359,900 | |
| Listed by Merrifield & Pilcher Realty | |||
| Feb 10, 2025 | Listed | $259,900 | |
| Listed | |||
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Located in the city limits of Paxton this 20 acres offers many opportunities for the buyer. Paved road frontage along with City water available. Property has been well maintained and is move to ready! Nice small pond situated on it as well.
Great chance to build your dream home in the city with land or hold for development purpose investment!
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| Nov 29, 2023 | No longer available | - | |
| No longer available | |||
| Jan 4, 2023 | Relisted | $361,900 | |
| Relisted | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017