Lot 3 Spring Hill Road
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 |
|---|---|---|---|
| Oct 13, 2020 | Sold | ||
| Sold | |||
| Aug 14, 2020 | Listed by Coldwell Banker Town & Country Properties Moscow | $45,000 | |
| Listed by Coldwell Banker Town & Country Properties Moscow | |||
| Nov 8, 2018 | No longer available | - | |
| No longer available | |||
| Aug 30, 2018 | Listed by Weichert Realtors Paupack Group | $55,000 | |
| Listed by Weichert Realtors Paupack Group | |||
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Exceptional building lot with nice views. The front 2/3 of the lot is cleared and the back 1/3 is wooded. There is a current perc test and driveway access. The location of the perc test is in the woods on the back right of the property. There is also a drainage ditch in the front and a tube going under the road. A house built on this lot can be situated over 200' off the road. Deed restriction requires 1800 sq ft minimum to build.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017