2075 Pine Ranch Drive
About This Property
Desirable building lot in Biscayne Point subdivision with neighborhood waterfront access to the sound. Enjoy the privacy of an acre lot at the end of a cul de sac. Small creek on the right side border but still plenty of room to build your dream home.
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Cap Rate Calculator
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 26, 2023 | Sold | ||
| Sold | |||
| Sep 5, 2023 | Listed by Real Broker LLC | $70,000 | |
| Listed by Real Broker LLC | |||
| Aug 27, 2023 | No longer available | - | |
| No longer available | |||
| Aug 13, 2023 | Price Decreased |
$75,000
↓ $10K
(11.8%) | |
| Price Decreased | |||
| Jul 25, 2023 | Price Decreased |
$85,000
↓ $15K
(15%) | |
| Price Decreased | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017