381 Walnut Hill Rd, Lot 2
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 4, 2015 | Sold | ||
| Sold | |||
| Mar 29, 2015 | Listed by Four Columns Realty, LLC | $42,000 | |
| Listed by Four Columns Realty, LLC | |||
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HILL TOP SETTINGS WITH SPECTACULAR VIEWS ON THIS BEAUTIFUL 3.7 ACRE COUNTRY LOT. PERKED WITH 3 BEDROOM SEPTIC DESIGN IN HAND. GREAT LOCATION, WONDERFUL NEIGHBORHOOD AND ONLY MINUTES FROM THE CENTER OF TOWN. CLOSE TO MAJOR HIGHWAYS: ROUTES 2A, 2, 202 AND 122. COME BUILD THE HOME OF YOUR DREAMS ON WALNUT HILL ROAD!! ALSO SEE MLS #: 71808113
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