2502 Castlerock Drive
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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 |
|---|---|---|---|
| Nov 22, 2024 | Sold | ||
| Sold | |||
| Oct 30, 2024 | In contract | - | |
| In contract | |||
| Nov 17, 2023 | Listed by RE/MAX REALTY ASSOCIATES-CHA | $75,000 | |
| Listed by RE/MAX REALTY ASSOCIATES-CHA | |||
| Jan 28, 2022 | Sold | ||
| Sold | |||
| Feb 28, 2021 | Listed by KELLER WILLIAMS-TREC | $79,000 | |
| Listed by KELLER WILLIAMS-TREC | |||
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Now is the time to build your dream home in the stunning Stone Creek Subdivision! This subdivision is perfectly situated at the Atkins Golf Club at University of Illinois, offering an 18-hole public golf course located on approximately 190 acres. The Stone Creek Subdivision includes the Atkins Golf Club at the University of Illinois that will provide many anticipated improvements and renovations. There could not be a more exciting time to build with the golf course being the home to the nationally ranked Fighting Illini men's and women's golf teams. This amazing subdivision has so much to offer with not only its golf course, but with the club house featuring a restaurant and golf shop, mature landscape, and peaceful views. Stone Creek Subdivision covers 500 acres, giving you around 85 lots to choose from in one of the five different development areas, Enclave, Fairways, Reserve, Highlands, or The Greens. The City of Urbana also launched a tax incentive program. Aimed at enticing new residents into the area, a number of programs have been enacted that lower the cost of building your home in Urbana. Participants in the program can save up to 60% off property taxes on their new home in the first five years, as well as pay no sales tax on construction materials purchased in Illinois. You will fall in love with this gorgeous, mature subdivision! Don't hesitate to secure your lot today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017