217 Skyline DRIVE
About This Property
Almost any type home can be built or placed on lot as long as it's a minimum 800 square feet, A new or used mobile home can be placed on lot or build a home. city water main is on front of lot as well as a fire hydrant for insurance discount. Lot is fenced with chain link fencing and driveway apron is in place saving you money and red tape. Lots of shade and mature trees on the lot with plenty of cleared space for building site saving you more money A 2 Bedroom septic tank is in place saving you about $10,000 for a new style septic system, to upgrade to 3 bedroom tank cost approximately $3,000, not having to pay impact fee saves another $10,000, It's almost like you're getting the lot for free.
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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 |
|---|---|---|---|
| Aug 6, 2024 | Sold | ||
| Sold | |||
| Jul 26, 2024 | In contract | - | |
| In contract | |||
| Jul 2, 2024 | Relisted | $35,000 | |
| Relisted | |||
| Jun 11, 2024 | In contract | - | |
| In contract | |||
| Jun 6, 2024 | Listed by LOKATION | $35,000 | |
| Listed by LOKATION | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017