375 Somerset
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 |
|---|---|---|---|
| Jan 8, 2024 | Sold | ||
| Sold | |||
| Dec 17, 2023 | In contract | - | |
| In contract | |||
| Aug 17, 2023 | Listed by RE/MAX Lake Livingston | $71,500 | |
| Listed by RE/MAX Lake Livingston | |||
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These 3 great lots are MOVE-IN READY! Bring the RV, family, lake toys and even invite a friend with an RV! That's right--2 RV hook-ups, (each have water, electric & sewer hook-ups) on-site & each have their own RV cover. 4 outbuildings included in the sale. One is a laundry room with a washer & dryer included! Also has a tankless hot water heater that will convey; just needs installation. The 2nd outbuilding could be an extra bedroom, family fun room, or an office with window A/C that will convey with the property. The 3rd building is currently being used as storage & workshop. The 4th building is set up for storage. Two of the lots are fully fenced with cyclone fencing and double gates on either side for easy access. The outside areas have nice rock paths. There is also a firepit to enjoy the evenings & nights for smores & outdoor activities. The subdivision has a swimming pool, mini golf, playground, basketball court, clubhouse and community boat ramp. MOTORHOME DOES NOT CONVEY!
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| Jan 6, 2022 | Sold | ||
| Sold | |||
| Aug 15, 2021 | Listed by RE/MAX Lake Livingston | $67,500 | |
| Listed by RE/MAX Lake Livingston | |||
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This place is 100% ready to go for all your Lake Livingston enjoyment!! Total of 3 lots. 2 of the the 3 are set with water, electric and sewer hook ups, rock paths, and 4 out buildings. In the buildings you will find... storage, a laundry room with refrigerator and freezer and one with AC unit to use as a guest bedroom. One has an attached toilet and outside shower. Appliances convey with sale. 2 lots are completely fenced with large drive in gates. There are two RV hook ups on site, and two RV covers. Camper on the right as you face the property is included in the sale. Camper, deck, stairs and storage on the left are not included in the sale. Included is the Mini Lite camper on the right as you face the property. Use it as a place for friends or let your friends bring their own. Sweet. Subdivision has swimming pools, mini golf, playgrounds, basketball court, clubhouse and that all important boat ramp for LL access. Make your plan to see it today. This place will not disappoint.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017