23 Olander Dr
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 |
|---|---|---|---|
| Apr 9, 2024 | Sold | ||
| Sold | |||
| Mar 12, 2024 | In contract | - | |
| In contract | |||
| Mar 7, 2024 | Listed by Proactive Realty | $350,000 | |
| Listed by Proactive Realty | |||
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Corporate Owned Special! OFFER Deadline of 3pm Monday March 11th. CASH, hard money, or construction loan only. ENOURMOUS potential with a lot that is over 1.25 acres. SO MANY POSSIBILITIES. There is no doubt this project is not for the faint of heart. It's a definite fixer-upper. It does have good bones but septic needs replacement, and the rest of it needs to be renovated. Gas in house now for hot water heater and town water. Once done, you could have an amazing property. Ideal candidate to add on or go up with. The next door neighbor just broke ground on a brand new home. Extremely rare to have a shot at getting over an acre for this price.
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| Feb 21, 2024 | Sold | ||
| Sold | |||
| Dec 26, 1995 | Sold | ||
| Sold | |||
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