Lot 3 Hwy 114
About This Property
Payment Calculator
Your Estimated Monthly Payment
Cap Rate Calculator
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 |
|---|---|---|---|
| Feb 1, 2022 | Sold | ||
| Sold | |||
| Nov 13, 2020 | Listed by Buy Wise Real Estate | $251,400 | |
| Listed by Buy Wise Real Estate | |||
| | |||
|
LIGHT COMMERCIAL POTENTIAL + Residence on beautiful, treed acreage on State Highway 114 in Paradise. This area will be known as Paradise Valley Farms. Come build your dream residential or business property amidst 100 yo pecan trees on this accessible, level lot. BARNDOMINIUMS PERMITTED! No HOA and outside the city limits. Property is already ag exempt so you will enjoy lower taxes here! Deed restricted development-1600sf single family homes, no manufactured housing permitted. Building of a guest residence allowed & HORSES, CATTLE or other livestock is welcome. Private well & septic required. Adjoining parcels may be available. What are you waiting for?
| |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017