255 & 257 MURPHY Road
About This Property
Per seller, land is @5 acres and has one mobile with long term tenants in place and a second mobile that needs to be destroyed/removed. Land is partially cleared. (This is the land on north side of street. Land on south side with double wide is not for sale). Super low taxes. The storage shed belongs to tenant and is excluded. Easy access to 290.
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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 12, 2019 | Sold | ||
| Sold | |||
| Dec 3, 2018 | Listed by RE/MAX Professional Group | $119,900 | |
| Listed by RE/MAX Professional Group | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017