3675 Richardson Drive
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 |
|---|---|---|---|
| Jul 1, 2024 | Sold | ||
| Sold | |||
| Jun 1, 2024 | In contract | - | |
| In contract | |||
| May 22, 2024 | Listed by Five Star Real Estate | $139,900 | |
| Listed by Five Star Real Estate | |||
| | |||
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Beautiful lot on All Sports Duck Lake tucked away at the end of a quiet dead end street. Elevated lot with a great view with walkout potential for a new build. Sandy beach with freshly updated sand, aluminum dock, and custom fire pit area with solar lights
Property is updated with a working well and electric, great set up for an RV for the summers!
Personal property and Camper not included in sale. Seller is a licensed Real Estate Broker in the State of Michigan.
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| Jun 21, 2023 | Sold | ||
| Sold | |||
| Jun 1, 2023 | Listed by Michigan Top Producers | $99,900 | |
| Listed by Michigan Top Producers | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017