2288 Alexander Road
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 |
|---|---|---|---|
| Aug 31, 2022 | Sold | ||
| Sold | |||
| Jun 6, 2022 | Listed by Michigan Whitetail Properties | $338,000 | |
| Listed by Michigan Whitetail Properties | |||
| Nov 3, 2021 | No longer available | - | |
| No longer available | |||
| Jul 21, 2021 | Listed by Berkshire Hathaway Homeservices Indian River | $315,000 | |
| Listed by Berkshire Hathaway Homeservices Indian River | |||
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We don't often see acreage parcels with the topography and setting that is this serene. You are in elk country and there is wildlife everywhere. The property has so many great features including a nice stream for water, open area for planting or fields (some are already planted), and a rustic cabin. On our tour we did see deer during daylight hours. This property has nice rolling hills and two tracks through the property for easy access to different areas. There are number of enclosed blinds on the property as well. A fantastic recreational property close to the Pigeon River State Forest and a short distance to I-75.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017