260 Midland Lake Road
About This Property
With its substantial road frontage, the property holds exciting potential for future growth. The possibility to subdivide and develop additional lots offers a unique avenue to invest in your financial future while preserving the sanctity of your personal haven. This is not just a home; it's the canvas for your life's most beautiful moments and milestones. A place where every sunrise brings new beginnings and every sunset seals the day's cherished memories.Come and start the next great chapter of your story here, where dreams are made, possibilities are endless, and your forever begins.Welcome home. Additional Information: Amenities:Soaking Tub,Storage,HeatingFuel:Oil Above Ground,ParkingFeatures:2 Car Attached,
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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 |
|---|---|---|---|
| Dec 9, 2024 | Sold | ||
| Sold | |||
| Oct 12, 2024 | In contract | - | |
| In contract | |||
| Oct 5, 2024 | In contract | - | |
| In contract | |||
| Oct 2, 2024 | Listed by Keller Williams Hudson Valley | $550,000 | |
| Listed by Keller Williams Hudson Valley | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017