255 Frog Pond Road
About This Property
DEVELOPMENT OR FOR YOUR FOREVER HOME, OR DO BOTH BY SELLING PART AND BUILD YOUR OWN PONDEROSA HOME WITH THE PROFITS! GORGEOUS VIEW ALL AROUND. THIS IS JUST WHAT THE DOCTOR OR FINANCIAL ADVISOR ORDERED. The current home built in 1973 sits in front of an original old home that may be 100 years old or more? WITH FRONTAGE ON TWO PAVED ROADS THIS IS A GREAT OPPORTUNITY FOR AGRICULTURE, CATTLE, HOMES OR DEVELOPMENT. FULLY FENCED, CROSS FENCED AND CORRALS, 4 TANKS AND MULTIPLE OUTBUILDINGS. Almost impossible to find an original farm like this anymore, especially at this price! THE 2BED, 2BATH FARM HOUSE is currently occupied by care takers. They and the farmer, rancher with cattle would like to continue leasing.
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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 |
|---|---|---|---|
| Dec 9, 2022 | Sold | ||
| Sold | |||
| Oct 28, 2022 | Listed by C-21 DEAN GILBERT, REALTORS | $2,200,000 | |
| Listed by C-21 DEAN GILBERT, REALTORS | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017