Lot 3 Meadow Brooks Lane
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 |
|---|---|---|---|
| Mar 10, 2006 | Sold | ||
| Sold | |||
| Jul 25, 2005 | Listed by RE/MAX Advantage 1 | $299,950 | |
| Listed by RE/MAX Advantage 1 | |||
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Quiet cul de sac subdivision,quick commute to Rt.2, Only 3 lots left as other 6 are built and occupied, Reputable Builder allows BUYER TO DESIGN THEIR OWN HOME, 2x6 construction, 30 year arch shingles, paved drive, landscaped, Capes, ranches, and inlaws can be quoted, loads of upgrades available, super fun designing your own home. Completion dates for November.
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