229 Road 5116
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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 |
|---|---|---|---|
| Jul 14, 2021 | Sold | ||
| Sold | |||
| Feb 27, 2021 | Listed by Keller Williams HoustonCentral | $35,000 | |
| Listed by Keller Williams HoustonCentral | |||
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Welcome to your cleared .5 acre lot to build on with unlimited potential. PROPERTY NEXT DOOR ON 231 RD 5116 AVAILABLE AS WELL FROM SAME OWNER. Purchase both for an entire acre in an area very closely located to I-69 in an up-and-coming area.
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Last Updated: 6 months ago
Data Source: HAR , MLS# 46081948
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017