4 Loring Avenue
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 |
|---|---|---|---|
| Jun 26, 2020 | Sold | ||
| Sold | |||
| Feb 9, 2020 | Listed by RE/MAX Triumph Realty | $699,999 | |
| Listed by RE/MAX Triumph Realty | |||
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This vacant lot has 7,055 sf and is a buildable lot for a single family house. See requirements attached. The lot has qualifying frontage on either Loring Ave or Swanton St. The adjacent property is also for sale (MLS # 72617486 for $ 649,999.00 ). It has conforming frontage on both Swanton and White Street. THE ADJOINING LOT HAS 8,427 sf with an offering price of $649,999 , including a House (built in 1880). It is totally functional with reasonably modern systems.
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