lot 3 Molasses Hill Rd
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 |
|---|---|---|---|
| Dec 14, 2005 | Sold | ||
| Sold | |||
| Oct 11, 2005 | Listed by RE/MAX Prof Associates | $329,900 | |
| Listed by RE/MAX Prof Associates | |||
| Mar 29, 2002 | Sold | ||
| Sold | |||
| Sep 6, 2001 | Listed by Empire Real Estate Group | $39,900 | |
| Listed by Empire Real Estate Group | |||
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SOLD WITH LIST# 30539822 ,COMBINED SALE OF 2 LOTS, $63000. ROAD, OVER 1,000 FEET OF ROAD FRONTAGE, LOT IS WOODED & OPEN BUYER TO PAY FOR PERC & SEPTIC DESIGN. NICE HOME SITE CLOSE TO TANTASQUA HIGH SCHOOL. OLD WELL ON PROPERTY...
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