Lots 390 & 80 Hill Loop 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 |
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| Aug 1, 2026 | No longer available | - | |
| No longer available | |||
| Feb 10, 2026 | Listed by Oro Realty | $28,000 | |
| Listed by Oro Realty | |||
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Two side by side lots being sold together, tucked away on a quiet loop road at the back of Somerville Place. This is the kind of spot people hope no one else notices. Peaceful, private, and surrounded by well kept homes. Located just off Park Road 4 and minutes from Big Creek Park and Lake Somerville, you get the best of lake life without the chaos. Morning walks, boat days, sunset drives home. It is all right there. Somerville Place offers a neighborhood pool, community building, and park, giving you amenities without feeling crowded. The lots are mostly cleared and ready for your vision, with water and electric available. Septic will be needed, which means flexibility in how you design and build. This is a rare opportunity to secure extra space in an established subdivision where inventory is limited. A flexible path to ownership may be available, making this an attractive option for buyers who want options and breathing room.
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| Jan 20, 2026 | Listed by Oro Realty | $28,000 | |
| Listed by Oro Realty | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017