39008 M 40 Highway
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 |
|---|---|---|---|
| Oct 6, 2021 | No longer available | - | |
| No longer available | |||
| Jul 19, 2021 | In contract | - | |
| In contract | |||
| Jun 25, 2021 | Relisted | $50,000 | |
| Relisted | |||
| Jun 12, 2021 | No longer available | - | |
| No longer available | |||
| May 25, 2021 | Listed by Lakes & Country Real Estate, Inc | $50,000 | |
| Listed by Lakes & Country Real Estate, Inc | |||
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Prime location on 2.58 acres in Paw Paw schools, close to everything. Great building site with four out buildings, including a 40 X 62 pole barn. Build your dream home today!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017