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2487 W Monroe 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 |
|---|---|---|---|
| Sep 22, 2026 | No longer available | - | |
| No longer available | |||
| Sep 21, 2026 | Listed by RE/MAX Platinum | $499,900 | |
| Listed by RE/MAX Platinum | |||
| Sep 15, 2026 | Price Decreased |
$579,000
↓ $20K
(3.3%) | |
| Price Decreased | |||
| Aug 26, 2026 | Listed by RE/MAX Platinum | $599,000 | |
| Listed by RE/MAX Platinum | |||
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Magnificent custom-built log home nestled on 14 acres of private bliss, offering the perfect setting to enjoy nature and all her glory. This one-of-a-kind retreat features an open floor plan with soaring ceilings in the living room, creating a warm and inviting atmosphere. Currently offering 3 bedrooms, with the flexibility to create a 4th or 5th bedroom to suit your needs. Two southern-facing balconies and a spacious deck overlook the backyard, where you'll often catch glimpses of a large flock of Sandhill cranes among the trees. The 32x40 pole barn with electricity provides an ideal space for hobbies, storage, a workshop, or home business. The walkout basement offers even more potential and can be finished to create additional living space. Peaceful, private, and surrounded by natural beauty, yet conveniently located just a short drive from shopping and dining in Manchester, Adrian, or Tecumseh. A truly special property with room to make it your own!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017