23925 Menifee Road
About This Property
The property is on public water, however, there are 2 existing wells. THERE IS POTENTIAL TO SPLIT THE PARCEL INTO 1 ACRE PARCELS, as the neighboring property has done. Great frontage on Menifee Road. Don't miss out on this amazing opportunity.
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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 |
|---|---|---|---|
| Apr 1, 2025 | Sold | ||
| Sold | |||
| Mar 3, 2025 | Price Decreased |
$699,900
↓ $99K
(12.4%) | |
| Price Decreased | |||
| Mar 3, 2025 | In contract | - | |
| In contract | |||
| Dec 7, 2024 | Listed by Donna Blanchard, Broker | $799,000 | |
| Listed by Donna Blanchard, Broker | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017