Lot 3 Detroit
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 |
|---|---|---|---|
| Apr 11, 2022 | Sold | ||
| Sold | |||
| Mar 11, 2022 | Listed by Paiva Real Estate Services, LLC | $149,900 | |
| Listed by Paiva Real Estate Services, LLC | |||
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Nice lot, nice location and 1 of the 3 remaining lots at the entrance of Lexington Estates subdivision. Easy highway access. This lot is ready to go! Buyer/buyer's agent should do due diligence.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017